Amsoil Inc., a leader in synthetic lubricant technology, has acquired Columbus, Ohio-based Aerospace Lubricants. Founded in 1973, Aerospace designs and manufactures a specialized array of greases for industrial manufacturing operations and private-label customers in automotive, industrial, military, aerospace and consumer markets. Aerospace Lubricants will operate as an independent subsidiary of Amsoil.
“By acquiring Aerospace Lubricants, we are acquiring a strong new partner for grease formulation and production,” said Amsoil Chairman & CEO Alan Amatuzio. “We are going to invest in Aerospace to enhance the capabilities and capacity of the operation. Our operational excellence combined with their grease expertise will result in significant value added for Aerospace and AMSOIL customers.”
Aerospace will continue serving existing and new customers in its target markets and will now be led by Dave Meyer, former Amsoil Sr. VP, Industrial, who will assume the role of Aerospace Lubricants President. “Aerospace Lubricants will continue operating as Aerospace Lubricants, an independent subsidiary of Amsoil,” said Meyer. “It will not be rebranded as Amsoil, but it will have the backing of the Amsoil team and resources to drive operational improvements that will deliver significant benefits for Aerospace customers. I am looking forward to working with the Aerospace team to grow the business together.”
Amsoil and Aerospace are both family-owned companies with long histories engineering innovative lubricant solutions. Both are known for advanced formulations and a focus on developing quality, specialized products that deliver the performance customers have been promised and the satisfaction they deserve.
“This was a strategic choice on my part,” said outgoing Aerospace Lubricants owner Steve Gates. “Aerospace is a family-owned company with a great team and strong values. It was important to me to find new ownership that would uphold our core values and amplify the opportunities for the Aerospace team and our customers. Amsoil is the perfect choice. This is an exciting change for everyone involved.”
More info: www.amsoilindustrial.com
