Calumet Specialty Products has acquired Bel-Ray Company, a
manufacturer and global distributor of high-performance
lubricants, the companies announced on Tuesday/
Financial terms of the transaction were not disclosed.
Privately-held Bel-Ray manufactures and distributes a wide
array of 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 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.
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 to growing a
global specialty products business," said Jennifer Straumins,
president of Calumet Specialty Products. "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
"Bel-Ray's New Jersey-based manufacturing plant will provide
us with an East Coast facility capable of serving both
domestic and export markets," she continued. "This facility,
which currently produces lubricating oils and greases, has
ample capacity to supply incremental customer demand for our
"Given the private, fragmented nature of the specialty
products markets we occupy, Calumet remains an active
consolidator of established, profitable businesses that
complement our existing product portfolio."