Calumet, Inc. has successfully closed its previously announced sale of assets related to the industrial portion of its Royal Purple® business for $110 million in cash to a wholly owned subsidiary of Lubrication Engineers, Inc., a portfolio company of Aurora Capital Partners. 

The assets sold related to Royal Purple’s high-performance synthetic industrial product line, including industrial gear lubricants, bio-environmental lubricants, stationary natural gas engine oils, hydraulic lubricants, and compressor oils, along with an exclusive license of the brand for industrial applications. During the year ended December 31, 2024, the industrial portion of the Royal Purple® business generated approximately $29 million of total sales. 

Calumet retained ownership of the Porter, Texas, manufacturing site and the consumer portion of the Royal Purple® business, which caters to a diverse array of automotive product applications through a multi-channel strategy of leading national retail outlets and specialty auto parts stores. Key brands within the consumer portion of Royal Purple® include: High Performance Motor Oil, HPS®, HMX®, Max EZ®, Max Gear®, Max-Clean®, XPR®, and Duralec Super™. 

The Company intends to use the sale proceeds primarily to pay down debt.