Gold Eagle Co., a family-owned and ISO 9001-certified manufacturer, has acquired Lubrication Specialties Inc. (LSI).
Ohio-based LSI makes several fuel and oil products for the automotive industry, including the highly rated Hot Shot’s Secret line.
Gold Eagle Co. and LSI share a mutual belief in making high-quality products that improve performance for private automotive consumers, heavy-duty truck drivers, RV owners, Powersports enthusiasts and more, Gold Eagle said in a news release. For example, the Hot Shot’s Secret line holds a 4.8/5.0 score on Trustpilot based on 2,640 verified customer reviews.
“LSI has always been dedicated to creating high-quality products, and it begins with the way they approach research and development,” Gold Eagle CEO Marc Blackman said. “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 some of the highest-performing lubricant products in the country, a strong grassroots following in the diesel community and has earned the title of “The Diesel Experts” within the industry.
Gold Eagle Co. has the resources necessary to expand Hot Shot’s Secret into new distribution channels around the world, according to the company. As a single operating unit, 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, Gold Eagle asserted.
“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,” he said.
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, according to Gold Eagle.
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.
For more information about Gold Eagle, call 773-376-4400, email Gold Eagle EVP Market Innovation Matthew Banach at [email protected], or visit GoldEagle.com.
For more information about the acquisition, view this video or email LSI founder and CEO Chris Gabrelcik at [email protected], or visit LubricationSpecialties.com.