Bel-Ray Oil has new owner

Bel-Ray oils has new owner

Bel-Ray Oils has been sold to Calumet Specialty Products Partners, L.P., a NASDAQ quoted producer of "specialty hydrocarbon and fuel products" who, as of 2012, became the owner of Royal Purple Lubricants.
Founded in 1946 by William Kiefer, management of the business was taken over by his daughter Daryl Bronson when he retired in 1995. Bel-Ray sells in several specialty commercial and industrial sectors, in addition to the Powersports industry, and says that its products are sold in more than 100 countries across six continents.
The company owns and operates a 32-acre manufacturing facility in New Jersey, which gives convenient access to ports in New York, Newark and Philadelphia for export purposes - and this, along with the capacity for a diversity of production that the site represents, appears to have been of the reasons why the new owners found Bel-Ray an attractive proposition.

"This transaction signals our ongoing commitment to growing a global specialty products business," stated Jennifer Straumins, President and COO of Calumet Specialty Products Partners. "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."
"Bel-Ray's New Jersey-based manufacturing plant will provide us with an East Coast facility capable of serving both domestic and export markets," continued Straumins. "This facility, which currently produces lubricating oils and greases, has ample capacity to supply incremental customer demand for our products."
Bryan Yourdon, President of Royal Purple, and Calumet's Vice President of Branded and Packaged Products, is quoted as saying: "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.
"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."

www.belray.com
www.calumetspecialty.com