Lubrication Engineers Acquires Royal Purple's Industrial Brands
Generado por agente de IACyrus Cole
viernes, 28 de febrero de 2025, 7:30 am ET1 min de lectura
BIO--
Lubrication Engineers, Inc. (LE), a leading developer and manufacturer of high-performance industrial lubricants and asset reliability solutions, has announced a definitive agreement to acquire the industrial brands and products of Royal Purple (RPI), a leading provider of specialty synthetic performance lubricants and greases for diversified industrial applications. The acquisition, expected to close in the first half of 2025, will make LELE-- the exclusive manufacturer and seller of Royal Purple-branded industrial products, while CalumetCLMT--, Inc. (NASDAQ: CLMT) will retain ownership of the consumer portion of Royal Purple and all related manufacturing assets.
RPI's robust portfolio of highly engineered products, including gear oils, bio-environmental lubricants, industrial engine oils, hydraulic lubricants, and compressor oils, are specially designed to improve performance, reduce total cost of ownership, and elongate the useful lives of mission-critical assets. Customers across industries such as manufacturing, power generation, petrochemicals, energy, and marine rely on RPI's proprietary formulations and technical expertise to solve their most important asset reliability challenges.
"We are thrilled to add the highly regarded Royal Purple® brand of premium synthetic industrial solutions to LE's product portfolio," said Eric Borland, CEO of LE. "Together with RPI's R&D, sales, and marketing teams, we are committed to partnering with RPI's existing end users, distribution partners, and suppliers to ensure the continued delivery of high-quality products and services to the marketplace. We look forward to leveraging LE's technical expertise to develop exciting new products and service offerings for all current and prospective new customers, including those under RPI's BioMaxtm brand of environmentally acceptable lubricants."
This acquisition marks LE's first since partnering with Aurora Capital Partners in September 2023. Randy Moser, Partner at Aurora, commented, "RPI is a terrific fit with LE's core strategy of developing, manufacturing, and marketing ultra-premium, MRO-oriented, industrial lubricants and related asset reliability solutions. We appreciate Calumet's impressive stewardship of the Royal Purple® brand over the past decade, and we are excited to invest further behind LE and RPI's joint product development, customer service, and manufacturing capabilities."
The transaction is expected to close in the first half of 2025, subject to customary closing conditions. For more information about LE, visit:. For more information about Aurora Capital Partners, visit: .
Industrial lubricants market
Insert a bar chart showing the market share of major industrial lubricants providers before and after the acquisition
CLMT--
LE--
Lubrication Engineers, Inc. (LE), a leading developer and manufacturer of high-performance industrial lubricants and asset reliability solutions, has announced a definitive agreement to acquire the industrial brands and products of Royal Purple (RPI), a leading provider of specialty synthetic performance lubricants and greases for diversified industrial applications. The acquisition, expected to close in the first half of 2025, will make LELE-- the exclusive manufacturer and seller of Royal Purple-branded industrial products, while CalumetCLMT--, Inc. (NASDAQ: CLMT) will retain ownership of the consumer portion of Royal Purple and all related manufacturing assets.
RPI's robust portfolio of highly engineered products, including gear oils, bio-environmental lubricants, industrial engine oils, hydraulic lubricants, and compressor oils, are specially designed to improve performance, reduce total cost of ownership, and elongate the useful lives of mission-critical assets. Customers across industries such as manufacturing, power generation, petrochemicals, energy, and marine rely on RPI's proprietary formulations and technical expertise to solve their most important asset reliability challenges.
"We are thrilled to add the highly regarded Royal Purple® brand of premium synthetic industrial solutions to LE's product portfolio," said Eric Borland, CEO of LE. "Together with RPI's R&D, sales, and marketing teams, we are committed to partnering with RPI's existing end users, distribution partners, and suppliers to ensure the continued delivery of high-quality products and services to the marketplace. We look forward to leveraging LE's technical expertise to develop exciting new products and service offerings for all current and prospective new customers, including those under RPI's BioMaxtm brand of environmentally acceptable lubricants."
This acquisition marks LE's first since partnering with Aurora Capital Partners in September 2023. Randy Moser, Partner at Aurora, commented, "RPI is a terrific fit with LE's core strategy of developing, manufacturing, and marketing ultra-premium, MRO-oriented, industrial lubricants and related asset reliability solutions. We appreciate Calumet's impressive stewardship of the Royal Purple® brand over the past decade, and we are excited to invest further behind LE and RPI's joint product development, customer service, and manufacturing capabilities."
The transaction is expected to close in the first half of 2025, subject to customary closing conditions. For more information about LE, visit:
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