Motorex USA Inc. Has Acquired Spectro Performance Oils
The Spectro Performance Oils business will be under the Motorex USA wing by February 20, 2023.
Motorex USA sent out a press release announcing that it has acquired Spectro Performance Oils. The US affiliate of the Swiss-based Motorex Group has agreed with the Intercontinental Lubricants Corporation from Brookfield CT to acquire the Spectro Performance Oils business.
The turnover will take effect by February 20, 2023, and the deal includes all national and international activities as well as the blending and storage facility operations in Brookfield CT.
Spectro got its start back in 1966 and has built up a good reputation in the aftermarket motorcycle lubricant space. For over 57 years, the company has been family-owned, spanning three generations. Currently, the company is under the leadership of the founder’s grandson, Alex Josefson.
Josefson, the current president of Spectro was excited about the deal and had this to say: “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 US, and worldwide.”
You've probably heard or are fond of Motorex. The brand is well-known in the industry and also known to be a recommended brand for marques like KTM. Motorex USA, the affiliate of the Motorex Bucher Group AG, is one of the affiliates that’s responsible for selling and producing Motorex products and has been present in the US for over 25 years. The Motorex brand itself has been in operation since 1917 and is still owned by the Bucher family.
Edi Fischer, the CEO of the Motorex Group, had this to say: “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 US, ensure closer support to our distributors, and improve supply and customer service.”
Sources: Motorex , Road Racing World
MOTOREX USA INC ACQUIRES SPECTRO PERFORMANCE OILS
Agreement includes all business activities and blending and storage operations in Brookfield CT
Acquisition effective February 20, 2023
SPECTRO enjoys an excellent reputation in the aftermarket for motorcycle accessories in the USA and worldwide
MOTOREX USA INC, the US-affiliate of Swiss-based MOTOREX GROUP, has agreed with Intercontinental Lubricants Corporation from Brookfield CT 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 JOSEFSON, PRESIDENT OF SPECTRO IS ENTHUSIASTIC ABOUT THE PROJECT
“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 US, 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 US, ensure closer support to our distributors, and improve supply and customer service.”
For more information, do not hesitate to contact spectro@motorex.com.
ABOUT SPECTRO
The company Intercontinental Lubricants Corporation is based in Brookfield Connecticut and is widely known under its brand name SPECTRO PERFORMANCE OILS. The company was founded in 1966 by Robert H. Wehman, an engineer with decades of experience in the specialized field of two-cycle automotive lubricants. Soon after, Spectro entered the motorcycle market, becoming a brand with a rich heritage and an excellent reputation in the aftermarket motorcycle sector in the US and worldwide. Spectro has been family owned and operated for 57 years over 3 generations, currently under the leadership of the founder’s grandson, Alex Josefson.
For more information please consult www.spectro-oils.com.
ABOUT MOTOREX
MOTOREX USA INC is the US-affiliate of the Swiss-based MOTOREX-BUCHER GROUP AG. The company was founded in 1917 and is still owned by the founding Bucher family. Today, MOTOREX is a globally active manufacturer of lubricants, clean and care products with 400 employees and more than 2,500 formulations. The MOTOREX field of activities includes the motorcycle and bicycle industry, metalworking fluids, lubricants for heavy-duty applications, and specifically the field of environmentally acceptable lubricants (EAL). MOTOREX has been present in the US market for more than 25 years. The company has production facilities in Switzerland, USA, France, and Poland.
For general information, please consult www.motorex.com or for information about metalworking fluids and bicycle products, please consult www.eurolineusa.com.
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