REYL Corporate Finance (REYL CF), the investment banking arm of REYL Intesa Sanpaolo (REYL), acts as sole financial advisor to PANOLIN Group on the sale of its Environmentally Considerate Lubricants (ECLs) business to Shell Lubricants.
Based in Madetswil, Switzerland, PANOLIN is a leading full-range international lubricants sup-plier and a pioneer in high-performing environmentally considerate lubricants (ECLs) since 1983. PANOLIN Group is an independent company that has been owned and managed by the Lämmle family since 1949.
ECLs are biodegradable lubricants which help contribute to a more sustainable future, by of-fering greater protection for wildlife and ecosystems in the event that they come into contact with the environment, in comparison to conventional lubricants. Shell, the leading internation-al energy giant, intends to fully integrate the business into its global lubricants business within two years of completion, in line with Shell’s Powering Progress approach to accelerate the transition to Net Zero by 2050.
With its proven track record in world leading ECL manufacturing, the business will complement Shell’s current product offering and enable it to be a player in the global market for ECLs, which is expected to expand significantly over the coming years.