Lubricant and fuel treatment manufacturer Millers Oils has completed a takeover of rival Falcon Lubricants.

The acquisition allows Millers Oils to expand the range of services it offers to customers including oil management services and waste oil collection management, while consolidating the future of Falcon Lubricants following the retirement of company directors Bill and Liz Craven.

Set up in 1984, Falcon Lubricants is a £2.5m turnover operation providing oils and greases predominantly for industrial use. Its automotive brands include Harrier and Petrel engine oils and Peregrine transmission oils.

Nevil Hall, joint managing director at Millers Oils, said: “We have been admirers of Falcon Lubricants for some time as both businesses share the same philosophies and dedication to supplying high quality products, supported by highly experienced technical and customer service teams.

“The deal is a good fit for a number of other important reasons. Crucially, it allows Millers Oils and Falcon Lubricants to share a customer base, and provides both companies with access to a wider range of markets.

"With Millers Oils now adding oil waste management and oil servicing functions to its activities, the acquisition of Falcon Lubricants brings us one large step closer to offering our customers a complete spectrum of services from oil formulation to safe and effective oil disposal after use."

Recent and ongoing investment at Millers Oils include the erection of an additional 12,500 sq ft of warehousing space, the opening of a new distribution depot in Abingdon, and various other major site upgrades.