Moove Lubricants Holdings Files for Proposed IPO

Moove Lubricants Holdings (MOOV) has filed for a proposed IPO.

The company describes itself as: "Moove is a global lubricants solutions provider to a wide range of customers, which demand lubricants to an even wider range of applications. We are focused on developing the supply chain needed to service our customers with the best solution possible, leveraging our production facilities and formulation capabilities. We transform base oils and additives into customized, high-performing and high-value lubricant formulations with which we service our customers. This focus allows us to operate with significantly fewer production assets and to direct our capital and expertise on the most attractive “profit pools” in the lubricants value chain. Our high-touch, intimate and service-oriented go-to-market strategy enables us to grow with customers as their needs evolve and their procurement increases in scale or complexity."

J.P. Morgan, BofA Securities, Citigroup, Itaú BBA, BTG Pactual and Santander (BME:SAN ) will serve as lead underwriters.

Source: Investing.com