Calumet Announces Sale of Assets Related to Industrial Portion of its Royal Purple® Business
Portfolio Pulse from
Calumet, Inc. has agreed to sell the industrial portion of its Royal Purple business to a subsidiary of Lubrication Engineers, Inc. for $110 million. Calumet will retain the consumer portion and production facility of Royal Purple.

February 28, 2025 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Calumet, Inc. is selling the industrial portion of its Royal Purple business for $110 million, retaining the consumer segment and production facility.
The sale of the industrial portion of Royal Purple for $110 million provides Calumet with significant capital, which could be used for debt reduction or reinvestment in its consumer segment. Retaining the consumer portion and production facility suggests a strategic focus on growth in that area, potentially leading to positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100