Calumet Specialty Products completed its
previously-announced purchase of the Hercules aviation and
refrigerant lubricants business, the polyol/ester-based
synlubes subsidiary of Ashland, the companies said on
The purchase price was not disclosed.
Under the agreement, Calumet obtained a 22-acre parcel that
includes the manufacturing facility in Louisiana, Missouri,
which it plans to continue operating, the company said.
Jennifer Straumins, chief operating officer for Calumet,
said: "We are very pleased to be in the synthetic lube business
and look forward to transitioning Hercules into the Calumet
"Calumet is focused on the refining of crude oil into specialty
petroleum products and the Hercules acquisition will help to
strengthen our business for both customers and
shareholders, she added.
The Hercules business was previously in Ashlands water