MOTOREX USA Inc., the U.S.-affiliate of Swiss-based MOTOREX GROUP, has agreed with Intercontinental Lubricants Corp. 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 and will be effective by Feb. 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 U.S. and worldwide.”
Edi Fischer, CEO of the MOTOREX GROUP, said, “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 U.S. 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, do not hesitate to contact [email protected].
