Cometic Acquires Klotz Lubricants
Concord, Ohio based Cometic Gasket, one of the world's leading suppliers of gaskets and engine sealing solutions for the automotive, powersports, original equipment and remanufactured engine industries, has announced the acquisition of Klotz Synthetic Lubricants.
Based in Fort Wayne, Indiana, and founded by John C. Klotz Jr. in 1959, Klotz specializes in providing "superior lubricants to racers, performance enthusiasts and traditional end users who won't settle for anything less than the best available lubrication products on the market today.
"For over 60 years, Klotz has proudly serviced the high-performance needs of the automotive, kart, marine, motorcycle, RC scale model, personal watercraft and snowmobile markets."
Cometic founder and CEO Bob Gorman said that "Cometic Gasket is exceptionally proud to announce the acquisition of Klotz Synthetic Lubricants and to add one of the most recognizable and trusted lubricant brands in the industry to our portfolio. I've known John Klotz since I was a teenager and we've become far more than friends.
"John is one of the most genuine, passionate and caring individuals I've ever met, and he's built this company from the ground up with his own hands. Becoming the caretaker of a brand as rich in history and proud as Klotz is a humbling moment for the entire Cometic family. We're grateful to the Klotz family for allowing us to lead this iconic company."
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| Left to right: John Klotz, Helen Klotz, Bob Gorman, Bindy Gorman, Kristen Damberger, Jeff Gorman |
Brad Kruckenberg, a powersports industry veteran who comes to Klotz from the LeMans Corporation with over 30 years of experience, will serve as president while Mr. Klotz has been named Chairman Emeritus and will continue serving in a leadership role.
Klotz will remain at its Fort Wayne headquarters, where all products are proudly engineered, formulated and packaged in its purpose-built, state-of-the-art facility.
"After sixty-plus years, it's time to turn over the reigns," stated Klotz. "The Gorman and Klotz families have been very close for many, many years. Bob and I have watched each other's families grow and blossom. I think that's a very important component of what makes this a good fit.
"Secondly, I've always been very impressed with how Cometic Gasket has grown over the years into perhaps the most reputable and nimble gasket company in the industry. They have the skills, the product knowledge and the resources to carry the Klotz name well into the future. I'm not going anywhere, but it's time to leave the heavy lifting to a team with a fresh set of eyes and great expectations. I know that Klotz is in the very best of hands."
www.cometic.com
www.klotzlube.com
