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The average Clark station sold twice the number of gallons as the national average, and its emphasis on premium gasoline gave the company a high profit margin. Emory Clark sold his interest in the company in 1981 to Apex Oil, a St. Louis, Missouri–based company. In 1985, Apex decided to sell Clark Oil. By 1987, Clark and Apex were bankrupt. [1]
Motor oil, engine oil, or engine lubricant is any one of various substances used for the lubrication of internal combustion engines. They typically consist of base oils enhanced with various additives, particularly antiwear additives , detergents, dispersants , and, for multi-grade oils, viscosity index improvers .
Their refineries and distributors were later incorporated as "The Pennzoil Company" in 1925. [1] In 1955, South Penn Oil acquired complete ownership of Pennzoil Co. [ 1 ] In 1963, South Penn Oil merged with Zapata Petroleum and Stetco Petroleum to form a new "Pennzoil Company", headquartered in Houston and appointing Hugh Liedtke as president.
Associated Wholesale Grocers, Inc. (AWG) is the United States's largest cooperative food wholesaler to independently owned supermarkets and grocery stores. [1] It serves more than 4,000 locations in 36 states and from 8 full-line wholesale divisions. The consolidated run-rate sales for AWG is close to $10 billion. [1]
The company's original line of lubricants was sold under the trade names Red Engine Oil and its original line of grease was called Black Beauty grease. [4] By 1862, Schaeffer produced over $1M in annual sales. [2] Miners in the Klondike gold rush later in the century reportedly smeared Black Beauty grease on their faces to ward off frostbite.
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