IHS Chemical Week

People & Business :: M&A

Calumet Specialty Products buys lubricants maker

1:43 PM MST | February 28, 2014 | Vincent Valk

Calumet Specialty Products announced today that it has acquired United Petroleum Company (Gilbert, AZ), the producer of Quantum-brand lubricants. Calumet calls Quantum, which was launched in 2011, “one of the fastest-growing lubricants brands in the country.” Quantum is sold to the car, truck, farming and industrial markets through 50 distributors in 35 US states. Financial terms of the deal were not disclosed. "This acquisition will allow us to further diversify our portfolio of multi-tiered branded lubricants," says Bryan Yourdon...

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