INDIANAPOLIS, Ind. - High-performance lubricant maker Bel-Ray Co. Inc. has been sold to Calumet Specialty Products Partners, L.P., an independent producer of specialty hydrocarbon and fuel products. Calumet is the parent of Royal Purple oil and lubricants.
Financial terms of the transaction were not disclosed.
Founded in 1946 by William Kiefer, Bel-Ray's products are sold in more than 100 countries across six continents. The company owns and operates a 32-acre manufacturing facility in New Jersey with convenient access to ports in New York, Newark and Philadelphia.
Bel-Ray is managed by Kiefer's daughter, Daryl Bronson, who has led the company's growth since his retirement in 1995.
"As a globally recognized specialty lubricants brand, Bel-Ray provides us with an entry point into new customers and geographies where we will have an opportunity to cross-sell our existing lines of products, such as Royal Purple, among others," said Bryan Yourdon, president of Royal Purple and Calumet's vice president of branded and packaged products. "Over time, we will seek to pursue the acquisition of additional branded specialty product lines that help us to further achieve profitable growth on a global scale."
Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents and waxes used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel. Calumet is based in Indianapolis, Ind., and has eleven facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas and eastern Missouri.
"Bel-Ray will join an existing portfolio of market-leading specialty products brands that include our Royal Purple line of high-performance synthetic lubricants and our Penreco line of FDA-registered food-grade products," said Jennifer Straumins, president and COO of Calumet Specialty Products Partners. "Bel-Ray's New Jersey-based manufacturing plant will provide us with an East Coast facility capable of serving both domestic and export markets. This facility, which currently produces lubricating oils and greases, has ample capacity to supply incremental customer demand for our products."
Posted by Holly Wagner