J.T. Granatelli Lubricants in Camarillo and Verho-Metalli LLC of Odessa, Ukraine, have completed a licensing and purchasing agreement.
The agreement calls for Verho-Metalli, using the Granatelli trade name, to sell at least $20 million in products over 10 years in the Ukraine.
Products to be sold include synthetic motor oil, engine oil treatment, diesel engine additive and car-care products. Verho-Metalli must obtain government approval before the products are sold.
"We feel very confident that our affiliation with Verho-Metalli will accomplish our primary goal for the Ukraine: attain a dominant market presence within the next five years," said Preston Tyree, Granatelli director.