November 13, 2018 / 12:01 PM / a month ago

HollyFrontier to buy Sonneborn for $655 million

Nov 13 (Reuters) - U.S. oil refiner HollyFrontier Corp said on Tuesday it would buy privately held specialty hydrocarbons maker Sonneborn for $655 million in cash.

Sonneborn, which supplies white oils, waxes and petrolatums to the cosmetic, food processing and pharmaceutical industries, will help bolster HollyFrontier's lubricants and specialty products business. (Reporting by Shanti S Nair in Bengaluru; Editing by Sai Sachin Ravikumar)

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