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Calumet Specialty Products Partners Acquires Bel-Ray

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Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet" or the "Partnership") a leading independent producer of specialty hydrocarbon and fuel products, today announced that it acquired the Bel-Ray Company, Inc. ("Bel-Ray"), a manufacturer and global distributor of high-performance lubricants.  Financial terms of the transaction were not disclosed. 

Privately-held Bel-Ray manufacturers and distributes a wide array of high-end specialty lubricants sold through its Industrial, Mining and Powersports divisions.  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 Mr. Kiefer's daughter, Daryl Bronson, who has led the company's growth since his retirement in 1995.

For nearly 70 years, Bel-Ray's high performance lubrication technologies have been engineered to set the highest standards of quality, value and performance.  Today, Bel-Ray's specialty lubricants are widely accepted as a brand of choice used in the aerospace, automotive, energy, food, marine, military, mining, motorcycle, powersports, steel and textiles industries.

"This transaction signals our ongoing commitment

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Posted-In: News Guidance Legal Management Global

 

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