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Chemical Week Magazine :: Business & Finance :: United States/Americas
Calumet Specialty Products Acquires Lubricants Firm
7:39 AM MDT | June 15, 2012 | —Vincent Valk
Calumet Specialty Products (Indianapolis) has acquired lubricants maker Royal Purple (Porter, TX) for $335 million. Royal Purple makes lubricants aimed at the transportation, industrial and marine sectors. The deal is expected to close within the next six weeks. Royal Purple generated net sales of approximately $109.5 million, and Ebitda of $28.3 million in 2011, according to Calumet. Net income was $26.9 million in 2011. “Royal Purple has an extensive specialty product line serving the industrial and consumer automotive markets. They also have a very...
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