Gold Eagle Co. has acquired Lubrication Specialties Inc. (LSI), maker of the Hot Shot’s Secrets additive line that includes RV gas and diesel motorhome products.
Gold Eagle Co. and LSI make products for the RV, powersport, automotive and heavy-duty truck markets.
“The combined entities will benefit both companies in a myriad of ways to further grow our business,” Gold Eagle CEO Marc Blackman said. “We have operational synergies that complement each other well, and we each believe in a people-centric culture.”
Ohio-based LSI makes fuel and oil products, including the Hot Shot’s Secret brand line. The Hot Shot’s Secret product line includes over 50 additives, specialty oils, coolants and fluids sold in over 30,000 retail stores nationwide.
“LSI has always been dedicated to creating high-quality products, and it begins with how they approach research and development,” Blackman said. “They have an established record of identifying engine, transmission and fuel system related problems, and then developing cutting edge chemistry to develop best of class solutions.”
Gold Eagle Co. said it will expand Hot Shot’s Secret into new distribution channels worldwide. As a single operating unit, more customers will gain access to LSI’s products, Gold Eagle said.
“Gold Eagle will be a strong strategic partner that will help us scale to our fullest potential while allowing us the freedom to continue making the best products money can buy,” LSI CEO Chris Gabrelcik said.
All LSI employees will retain their roles. The LSI executive team will work closely with Gold Eagle Co.’s senior management in Chicago, the companies said, but it will be business as usual for LSI’s staff and middle management.
“Together, we have the resources and operational bandwidth to make Hot Shot’s Secret a household name, here and abroad,” Gabrelcik said. “This is an exciting development for Lubrication Specialties Inc. and the Hot Shot’s Secret brand, and we are all looking forward to the next chapter.”
For more information, view this video.
