December 1998

Wittemöller Mineralöle Marks Debut of Petronord Investment Model

Following intensive negotiations, in December 1998, Petronord’s first individual investment model is launched, which manages the business activities of Friedrich Wittemöller KG under the name Wittemöller Mineralöle GmbH. Friedrich Wittemöller KG is a well-established regional family business that has served as an Esso AG distribution partner for decades. In addition to the classic heating oil and diesel business, as well as its own service stations, the company’s focus is on the lubricants sector. Beyond this, Wittemöller Mineralöle has its own tank terminal right on the Mittelland Canal, and thus a strategically very valuable direct link to shipping.