Motorex USA acquires Spectro Performance Oils
The Swiss-based Motorex-Bucher Group AG, through its U.S. affiliate, has made an acquisition in the United States. Motorex USA Inc has agreed to acquire the Spectro Performance Oils business from Intercontinental Lubricants Corporation, based in Brookfield, Connecticut.
Motorex 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 environmentally acceptable lubricants (EAL). Motorex has been present in the U.S. market for more than 25 years. The company has production facilities in Switzerland, the United States, France, and Poland.
“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,” said Edi Fischer, CEO of the Motorex Group.
“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.”
Intercontinental Lubricants Corporation 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 United States and worldwide. Spectro has been family-owned and operated for 57 years over three generations. The founder’s grandson, Alex Josefson, is currently company president.
“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,” said Josefson.
The value of the transaction, which is effective February 20, 2023, was not disclosed. The acquisition includes all of Spectro’s national and international activities, as well as the blending and storage facility in Brookfield.
