According to SOPUS Products President Carlos Maurer, “We are very excited about this acquisition, which enables Shell Lubricants to expand our product offering to industrial customers, especially those in the primary metals and power sectors. The resilient B2B Industry sector is a key pillar in Shell Lubricants growth strategy, and ACT’s portfolio of fire-resistant fluids, unique industrial lubricants and environmentally acceptable lubricants ideally complements our existing US industrial lubricants portfolio.”

“We look forward to working with the talented ACT team to bring the integrated portfolio to market quickly,” continued Maurer.

ACT President and co-owner Kevin Kovanda noted, “This is a momentous day for American Chemical Technologies. Our dad would be very proud to know that his vision of industrial selling, unprecedented customer service and hard work would attract the interest of Shell Oil. Our experience over the past 40-plus years of introducing new synthetic fluid technologies into the industrial lubricant marketplace brings a host of fluid chemistries that will blend perfectly into Shell’s global lubricant portfolio.

“Jim, Ross and I want to thank the entire ACT team, past and present, and our loyal, open-minded customers who have made this day a reality! Our goal is to merge our agility and customer service focus with the reach and corporate strength of Shell.”

While the acquisition of assets is effective immediately, SOPUS Products has contracted with ACT to continue to operate the business on SOPUS Products’ behalf for a transitional period. Staffing needs for the business will be assessed during the transitional period, and ACT employees will be informed of potential employment opportunities with Shell as they are determined.

About American Chemical Technologies, Inc.

Since 1977, American Chemical Technologies, Inc. (ACT) has been a recognized leader in the manufacture and development of highly specialized, high performance industrial lubricants supported with unsurpassed personal service. We are the exclusive source of polyalkylene glycol (PAG)-based synthetic lubricants, which provide unique protection for equipment and the environment, and support more profitable and sustainable operations.

About Shell Lubricants

The term ‘Shell Lubricants’ collectively refers to the companies of Royal Dutch Shell plc that are engaged in the lubricants business. Shell Lubricants companies lead the lubricants industry, supplying more than 11 percent of global lubricants volume.* The companies manufacture and blend products for use in consumer, heavy industrial and commercial transport applications. The Shell Lubricants portfolio of top-quality brands includes Pennzoil®, Quaker State®, FormulaShell®, Shell TELLUS®, Shell RIMULA®, Shell ROTELLA® T, Shell SPIRAX®, Shell Gadus® and Jiffy Lube®.

*Kline & Company, “Global Lubricants Industry November 2017: Market Analysis and Assessment.