Milwaukee-based
Benz Oil, a producer and provider of commercial and metalworking fluids, has been acquired by Superior-based
AMSOIL Inc., a world supplier of artificial lubricant know-how. Phrases of the deal weren’t disclosed. Benz Oil will turn into a part of AMSOIL and the AMSOIL Industrial enterprise unit.
“Bringing the Benz staff and services onboard as a part of AMSOIL Industrial instantly boosts our capabilities and experience with industrial fluids,” stated Alan Amatuzio, chairman and chief government officer of AMSOIL. “This acquisition makes AMSOIL Industrial the premier alternative for firms that need to maximize the effectivity and reliability of their operations. Our options, experience and keenness make AMSOIL an indispensable accomplice.”
The AMSOIL Industrial product portfolio contains turbine oil, hydraulic oil, gear oil, compressor oil, stationary engine oil, grease, coolant and flushing and cleansing merchandise. Now, with the acquisition of Benz Oil, slicing and grinding metalworking fluid, course of fluid, heat-transfer fluid and different specialty fluids are added to that record.
“Because the third-generation chief of a family-owned firm with a robust legacy, it was vital for us to search out new possession that will seamlessly embrace our values and protect the core of what we have now constructed over the previous 125 years,” stated Dixon Benz II, Benz Oil CEO. “I actually consider that AMSOIL, one other family-owned, Wisconsin firm, with a extremely succesful staff, will embrace the values of our group and speed up its trajectory. It’s thrilling to know that AMSOIL embraces our basis and is dedicated to rising the corporate in significant methods. It is a great alternative for our clients and staff.”
The Benz services in Milwaukee, positioned at 2724 W. Hampton Ave., will likely be rebranded as AMSOIL. Gross sales, laboratory operations, manufacturing and distribution will proceed on web site.
