Two privately held manufacturers will operate as one and will expand LSI’s Hot Shot’s Secret products into new distribution channels
Chicago—Gold Eagle Co., a family-owned and ISO 9001-certified manufacturer, has acquired Lubrication Specialties Inc., (LSI), an Ohio-based manufacturer of several fuel and oil products for the automotive industry, including the Hot Shot’s Secret brand 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.”
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. The brand has a grassroots following in the diesel community.
Gold Eagle Co.’s resources will expand Hot Shot’s Secret into new distribution channels around the world. As a single operating unit, the companies said that more customers will gain access to LSI’s products, which are proven to increase fuel economy, improve horsepower, generate more torque, and help drivers save thousands on engine repairs.
“I think the combined entities will benefit both companies in a myriad of ways to further grow our business,” said Blackman. “We have operational synergies that complement each other well, and we each believe in a people-centric culture.”
LSI CEO Chris Gabrelcik echoed a similar sentiment. “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.”
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 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.
“Together, we have the resources and operational bandwidth to make Hot Shot’s Secret a household name, here and abroad,” said Gabrelcik. “This is an exciting development for Lubrication Specialties Inc. and the Hot Shot’s Secret brand, and we are all looking forward to the next chapter.”
The strategic acquisition of LSI inclusive of the Hot Shot’s Secret product brand was completed July 1. Details of the agreement will not be publicly disclosed.
About Gold Eagle Company
Founded in 1932, Gold Eagle Co. is a family-owned and operated manufacturer of performance chemicals and surface treatments. The company has a portfolio of industry-leading brands, including STA-BIL, 303 Products, TriNova, and HEET Gas-Line Antifreeze and most recently Hot Shot’s Secret. As the company celebrates 90 years of business, they are committing to the future by creating modernized products for the automotive, marine, outdoor power equipment, RV, sporting, and homecare markets. All Gold Eagle Co. brand products are manufactured and marketed in-house at its headquarters in Chicago, Illinois.
About Lubrication Specialties, Inc.
Founded in 1997, Lubrication Specialties Inc. (LSI) is a privately operated manufacturer and distributor of additives and lubricants for the automotive market. The company creates products for three distinct brands, including the industry-recognized Hot Shot’s Secret, scientifically proven to solve common issues in diesel and gasoline-based engines. In its 25th year of business, LSI is committed to solving industry-specific problems for consumers through continuous innovation. LSI researches, produces and distributes its entire product line out of its headquarters in Mount Gilead, Ohio.
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