Oil giant BP has announced plans to sell Duckhams, the engine lubricants brand it has owned for around 40 years.
BP has begun the search for buyers for the Duckhams and Veedol brands as it focuses on its other makes of lubricant, including Castrol.
Duckhams has been in production for more than 100 years and is perhaps best known for Duckhams Hypergrade and for teaming up with the Formula 1 Lotus team.
Veedol is not as well known in the UK, but was the motor oil chosen by Henry Ford to lubricate the world’s first mass-produced car, the Model T Ford.
Des Johnson, global brand director for BP and Castrol, said: “Both these brands are world famous and millions of motorists across the world have at one time or another used these brands for their cars, bikes or trucks.”
The sell-off is not connected to BP’s ongoing asset sale to pay for clean-up and compensation costs following the Deepwater Horizon disaster.
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