Business

Valvoline products to be distributed in Russia

Covington-based Ashland announced Wednesday that it has reached a deal with Russia's third-largest oil company to distribute Valvoline motor oil in the country.

The deal with TNK-BP, which has access to 15,000 retail stores in Russia, is for five years, according to an Ashland news release.

Financial terms of the deal were not disclosed.

"Russia represents a significant growth opportunity for passenger car motor oils, particularly with the increasing popularity of Western cars," said Sam Mitchell, president of Ashland Consumer Markets in a statement.

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