PLZ Aeroscience Corporation (PLZ), parent company of Penray, has acquired Champion Brands LLC, a leading manufacturer of specialty lubricants for the automotive, heavy-duty and industrial markets. Financial terms of the acquisition were not disclosed.
With this acquisition, PLZ expands its full-service automotive and industrial offering, positioning the company to better serve its customers with a comprehensive suite of aerosol and non-aerosol products.
Founded by Ralph Lowe in 1956 and with more than 65 years of market leadership, Champion has one of the largest product portfolios in the industry. Champion produces more than 300 functional fluids and performance products, including brake fluid, fuel treatments, semi-synthetic and full-synthetic engine additives and specialty motor oils.
"We are very excited to welcome Champion Brands to PLZ," says Aaron Erter, PLZ's president and CEO. "Champion is a market leader within the automotive aftermarket industry, and we look forward to leveraging their capabilities across our combined enterprise to strengthen the value proposition we bring to our customers. Champion is an incredible addition to PLZ as we continue growing our specialty automotive and industrial footprint across North America."