Valvoline undertakes significant acquisition activity in fiscal 2021
In Valvoline’s 2021 fiscal year, the company acquired 134 service center stores for a total $282.0 million. The significant acquisition activity accelerated growth in the company’s North American and international markets, while bringing the total amount of combined company-operated and system-wide service centers to 2,300. The company’s acquisition strategy falls in line with the company’s broader growth model.
New Activity|Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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