Motorex Buys Spectro
The U.S. subsidiary of Swiss oil manufacturer Motorex (Bucher AG) has acquired all the assets, commercial activity and blending and storage operations of Brookfield, Connecticut, based Spectro Performance Oils (Intercontinental Lubricants Corporation).
Alex Josefson, President of Spectro, is quoted as stating: "We have a long-standing and excellent relationship with Motorex, so when this agreement was first discussed, it seemed like the natural next step for our company.
"Motorex respects, appreciates and fully understands the Spectro brand and its goals for the future. With planned investments and upgrades to our manufacturing facility in Brookfield, and the support of its impressive research and development labs in Switzerland, the future is bright for Spectro and Motorex in the U.S. and around the world."