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VVV - Valvoline Inc
-0.62(-2.48%)9:00:00 PM 1/27/2021
Valvoline Inc. is an American manufacturer and distributor of Valvoline-brand automotive oil, additives, and lubricants. It also owns the Valvoline Instant Oil Change and Valvoline Express Care chains of car repair centers. As of 2016, it is the second largest oil change service provider in the United States with 10% market share and 1,050 locations. Dr. John Ellis, the inventor of a petroleum lubricant for steam engines, founded Valvoline on September 6, 1866, in Binghamton, New York, as the Continuous Oil Refining Company. In 1868, Ellis renamed his Binghamton Cylinder Oil to the more memorable Valvoline. The next year, he moved the Continuous Oil Refining Company to Brooklyn. With his son and son-in-law, Ellis renamed the company to Ellis & Leonard and relocated to Shadyside, New Jersey. By the 1890s, Valvoline oil was associated with winning race cars. During the early 20th century, Valvoline was the recommended motor oil for the Ford Model T.
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