IHS Chemical Week

Services :: Financial

Calumet Specialty Products Acquires Lubricants Firm For $335 Million

9:04 AM MDT | June 7, 2012 | Vincent Valk

Calumet Specialty Products (Indianapolis) has acquired lubricants maker Royal Purple (Porter, TX) for $335 million, the company says. 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 has an extensive specialty product line serving the industrial and consumer automotive markets.  They also have a very experienced and dedicated workforce and we are looking forward to working with them,” says Calumet CEO Bill Grube.   As part of...

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