Dr. D
Dodge Dakota
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7/04/2002
09:16:55
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 Subject: Who owns who ?
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We all know that about the Exxon / Mobil deal and the Quaker State / Slick-50 / Pennzoil / Castrol deal, but get a load of this article tell me
how we address this company now?
Royal Dutch / Shell / Pennzoil / Quaker State / Slick-50 / Castrol Inc. ?
How do consumers know whats really in the bottle?
Dr. D
Pennzoil-Quaker State Company
PennzoilŪ brand products are manufactured by Pennzoil-Quaker State Company [NYSE:PZL], a leading worldwide automotive consumer products company, marketing over 1,300 products with 20 leading brands in more than 90 countries. Jiffy Lube International, Inc., a wholly owned subsidiary of Pennzoil-Quaker State Company, is the world's largest fast lube operator and franchiser. Pennzoil-Quaker State Company was born on December 30, 1998, when the marketing, fast lube and manufacturing operations of Pennzoil Company were spun off in a tax-free distribution, and Quaker State Corporation, the second largest domestic marketer of motor oil and a leading marketer of automotive consumer products, was acquired in a merger transaction. During the new company's first three years of operation, it took aggressive steps to fulfill its vision of being consumers' first choice for automotive products and services that enhance the car and the driving experience. Those steps included divesting all of its non-automotive-related businesses and consolidating its lubricants and consumer products sales force to create one company face to retail customers. Today, Pennzoil-Quaker State Company is recognized by its retail customers as a leader in automotive category management and a preferred supplier of automotive performance, appearance and accessory products.
On March 25, 2002, Pennzoil-Quaker State Company and Shell Oil Company, a wholly-owned member of the Royal Dutch/Shell Group announced a definitive agreement under which Shell Oil Company will acquire Pennzoil-Quaker State Company at a price of $22.00 per share in cash. The transaction requires regulatory and shareholder approvals and is expected to close in the second half of 2002. The combination of Shell's networks and infrastructure and Pennzoil-Quaker State Company's leading motor oil brands, portfolio of car care brands and Jiffy Lube stores will position the new company as a leader in the U.S. lubricants and car care business, with the geographic scope, operational scale, breadth of products and services, and financial resources
necessary to compete in a consolidating industry.
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