PetroChoice: Brazil's Moove acquires U.S. PetroChoice Lubrication for $479 million

Brazilian lubricant distributor Moove, owned by Cosan, has agreed to buy the largest U.S. lubricant distributor, PetroChoice Lubricants, for $479 million, the company said in a securities filing published. The acquisition will boost Moove's annual revenue by 50%, to around 9 billion reais ($1.87 billion), Chief Executive Filipe Affonso Ferreira told Reuters i...