Lubrication Engineers announced that it has entered into a definitive agreement to acquire the industrial brands and products of Royal Purple. Upon completion of the transaction, LE will become the exclusive manufacturer and seller of Royal Purple-branded industrial products, while Calumet (CLMT) will retain ownership of the consumer portion of Royal Purple and all related manufacturing assets. The transaction is expected to close in the first half of 2025 subject to customary closing conditions.
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