WICHITA, Kas., Feb. 28,
2025 /PRNewswire/ -- Lubrication Engineers, Inc.
("LE"), a leading developer and manufacturer of high-performance
industrial lubricants and asset reliability solutions, today
announced that it has entered into 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. Upon
completion of the transaction, LE will become the exclusive
manufacturer and seller of Royal Purple®-branded industrial
products, while Calumet, Inc. ("Calumet") (NASDAQ: CLMT) will
retain ownership of the consumer portion of Royal Purple and all
related manufacturing assets.
RPI is a leading designer and manufacturer of premium synthetic
performance fluids, lubricants, and greases for diversified
industrial applications. RPI's robust portfolio of highly
engineered products – which include 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. RPI's
products are sold to end users and through a robust network of
specialty distribution partners.
"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
BioMax™ brand of environmentally acceptable lubricants."
This is LE's first acquisition since partnering with Aurora
Capital Partners in September
2023.
"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,"
said Randy Moser, Partner at Aurora.
"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.
About Lubrication Engineers
A leader in lubricants
since 1951, Lubrication Engineers develops, manufactures, and sells
premium industrial greases, gear oils, lubricants, and related
asset reliability products. LE's highly engineered products
directly lower its customers' total cost of ownership through
reduced energy consumption, reduced maintenance, and improved
equipment longevity. LE services customers in more than 60
countries from its flagship 150,000 sq. ft. manufacturing plant in
Wichita, KS. For more information
about LE, visit: www.lelubricants.com.
About Aurora Capital Partners
Aurora Capital Partners
is a leading Los Angeles-based
private equity firm with $6 billion
in assets under management. Founded in 1991, the firm invests in
middle-market companies with leading market positions, stable
industry dynamics, attractive business model characteristics and
actionable opportunities for growth in partnership with management.
For more information about Aurora Capital Partners, visit:
www.auroracap.com.
Media Contacts
Lubrication Engineers
Paul Grimes
316-529-6800
p.grimes@le-inc.com
ASC Advisors
Taylor Ingraham
203-992-1230
tingraham@ascadvisors.com
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SOURCE Lubrication Engineers, Inc.
