Cycle News Staff | February 13, 2023
Motorex USA has agreed with Intercontinental Lubricants Corporation from Brookfield, Connecticut, to acquire the Spectro Performance Oils business.
The following is a press release from Motorex USA…
(February 13, 2023) – Motorex USA Inc, the U.S.-affiliate of Swiss-based Motorex Group, has agreed with Intercontinental Lubricants Corporation from Brookfield, Connecticut, to acquire the Spectro Performance Oils business. The deal includes all national and international activities as well as the blending and storage facility in Brookfield CT and will be effective by February 20, 2023.
Alex Jesefson, President of Spectro: “We’ve long had a great relationship with Motorex, so when this deal was first discussed it felt like a natural next step for our business. Motorex has a great respect, appreciation, and understanding of the Spectro brand and its goals for the future. With their planned investments and upgrades to our manufacturing facility in Brookfield, and with the support of their impressive R&D laboratory in Langenthal, the future is bright for Spectro and Motorex, both in the U.S., and worldwide.”
Edi Fischer, CEO of the Motorex Group:“This is a carefully considered and important step for our long-term oriented family-owned company. We are proud to strengthen the group’s portfolio with a traditional and well-established US brand. Spectro and Motorex are both strong and complementary brands within the Powersport market.
“Moreover, the company hub in Brookfield will also support our business activities in other sectors such as industrial fluids or biodegradable hydraulic oil. This will also allow us to produce more goods made in the U.S., ensure closer support to our distributors, and improve supply and customer service.”
For more information, email spectro@motorex.com or visit www.spectro-oils.com.