Vadodara: In a notable move, industrial lubricant manufacturer and distributor Maximus International Limited’s Board has approved a proposal to acquire 40% in Vadodara-based Quebec Petroleum Resources Limited for ₹18.43 crore. This marks the first step the company has taken to expand in the lubricant market.
Maximus International has specialized in manufacturing and distributing automotive, industrial, and specialty lubricants to customers across the Middle East and Africa. The company now aims to leverage Quebec’s established manufacturing base, diversified product portfolio and distribution network that has been serving industrial customers and contractors across the country for over two decades. Quebec reported a turnover of ₹184.73 crore for FY2024-25.
“This acquisition is a deliberate step in strengthening our presence in India’s lubricants and petroleum products sector — an area we believe offers durable, long-term demand across the country’s automotive and industrial economy. In Quebec Petroleum Resources, we are partnering with a business that has built genuine manufacturing depth, in-house R&D, and a diversified product portfolio over more than two decades of operations.
By combining Quebec’s domestic capabilities with Maximus International’s established presence across the Middle East and Africa, we expect to create meaningful operational and market synergies. Our focus will be on expanding into higher-growth automotive, industrial, and specialty lubricant segments while building a scalable platform for long-term value creation.” Mr. Dipak Raval, Chairman & Managing Director, Maximus International Limited, said in a press release.
