Announced

Aurora Capital-backed Lubrication Engineers to acquire the industrial brands & products of from Royal Purple business from Calumet for $110m.

Synopsis

Aurora Capital-backed Lubrication Engineers, a developer and manufacturer of high-performance industrial lubricants and asset reliability solutions, agreed to acquire the industrial brands & products of from Royal Purple business from Calumet, a lubricating oils, solvents, waxes, packaged and synthetic specialty products, fuels and fuel-related products manufacturer, for $110m. "We are thrilled to add the highly regarded Royal Purple® brand of premium synthetic industrial solutions to LE's product portfolio. 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," Eric Borland, Lubrication Engineers CEO.

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