Acquiring Company
Lubrication Engineers
Acquired Company
Calumet
WichitaIndianapolisManufacturingOil And GasDescription
Calumet, Inc. has completed the sale of its Royal Purple industrial assets to Lubrication Engineers, Inc. for $110 million in cash. The sold assets encompass a variety of high-performance synthetic industrial lubricants. Calumet intends to utilize the proceeds primarily to reduce its debt.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed