Lubrication Specialties, also known as LSI, has been acquired by Gold Eagle Co., a family-owned and ISO 9001 certified manufacturer, the companies said.
Ohio-based LSI makes several fuel and oil products for the automotive industry, including the highly rated Hot Shot’s Secret brand line.
“Gold Eagle will be a strong strategic partner that will help us scale to our fullest potential and allow us the freedom to continue making the best products money can buy,” said LSI CEO Chris Gabrelcik.
Currently, there are more than 50 products, fuel and oil additives, specialty oils, coolants and fluids, that make up the Hot Shot’s Secret line.
“LSI has always been dedicated to creating high-quality products, and it begins with the way they approach research and development,” said Gold Eagle Co. CEO Marc Blackman. “They have an established record of identifying engine, transmission and fuel system related problems, and then developing cutting edge chemistry to develop best of class solutions.”
The merger will not lead to downsizing or significant changes for the LSI team. All 71 employees will retain their respective roles and position LSI for future growth in the local Morrow County, Ohio, economy. The LSI executive team will work closely with Gold Eagle Co.’s senior management in Chicago, but it will be business as usual for LSI’s staff and middle management, the companies said.
The deal was completed July 1.
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