![]() Calumet intends to finance the Royal Purple acquisition through a combination of cash on hand, including a portion of the approximately $149 million of net proceeds from its recently completed common unit offering, borrowings under its senior secured revolving credit facility and potentially other long-term debt financing. "We believe Calumet shares Royal Purple's vision and commitment to excellence and will greatly assist in our continued growth."Īccording to the agreement, Royal Purple will be converted into a limited liability company, and Calumet will acquire 100 percent of its membership interests at the closing. ![]() "Everyone at Royal Purple is excited about becoming part of Calumet," said Lee Culbertson, Royal Purple's president and chief executive officer. They also have a very experienced and dedicated workforce, and we are looking forward to working with them." "Royal Purple has an extensive specialty product line serving the industrial and consumer automotive markets. "Calumet is very excited to be adding the Royal Purple product line to our portfolio of specialty products," said Bill Grube, Calumet's chief executive officer. The acquisition is expected to close by the middle of July 2012, subject to customary closing conditions and regulatory approval. ^ Peter Dalrymple, Co-Founder of Royal Purple, Joins Spine Pain Management, Inc.Calumet Specialty Products Partners has announced that it has signed a definitive agreement to acquire high-performance lubricant manufacturer Royal Purple Inc.^ Chicago Tribune Car Notes Column, Chicago Tribune, 1 February 2004.^ a b Industry notes, company news, Motor Age, 1 April 2004.^ Royal Purple: It's the Additives, Stupid, Popular Mechanics, 21 February 2013.^ Royal Purple treat, New Straits Times, 9 July 2006.^ Royal Purple Takes the Guesswork Out of Motor Oil Recycling, Reuters,.^ Solvent leaves protectant film, Professional Tool & Equipment News, 1 March 2010.^ Driving Green for Dummies: It's Easier and Cheaper Than You Think, St.^ No Mention of Viscosity or Thermal Breakdown in this Royal Purple Clip, Popular Mechanics, 29 December 2013.^ a b Calumet Buys Royal Purple,, 13 June 2012.And has partnered with many other organizations such as GRC and Rally Cross. Royal Purple is the official lubricant for Lingenfelter Performance Engineering. The deal is worth more than one million dollars a year. Royal Purple announced on Septemthat it would sponsor the Las Vegas Bowl for three years, from 2013 to 2016. In 2010 Royal Purple cooperated with DJ Funkmaster Flex to promote its products. ![]() In July 2012 Royal purple got a new owner when it was sold for 335 million dollars to Calumet Lubricants and is now part of their Branded Products Division. In 2011 Royal Purple had an annual income of 109.5 million dollars, and in 2012 was sold in over 25,000 outlets worldwide. ![]() That same year they acquired a US federal trademark for the exclusive use of purple containers for lubricants. Producing synthetic oil using its own additives, the company grew and in 2004 completed a 125,000 square foot production facility in Porter, Texas. Due to a customer who said he had never seen purple oil, Williams named the product Royal Purple. The company was founded in 1986 by John Williams, a synthetic oil developer and later consultant. Other products include chassis and bearing grease, lubricant aerosol, aerosol chain lubricant, and firearm lubricant. They also produce other fluids including gear oil, transmission fluid, power steering fluid and industrial gear, bearing, engine, and hydraulic oil. It is known primarily for its line of synthetic Royal Purple Motor Oil products used in gasoline and diesel engines. Royal Purple is an American manufacturer which produces lubricants for automotive, industrial, marine, and racing use. Royal Purple Consumer Products, Royal Purple Industrial Products Synthetic motor oil, synthetic grease, oil filters, gear oil Australia, Canada, China, Italy, Japan, Mexico, United Kingdom, United States ![]()
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