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Global Mining Review · 行业资讯·AI score30.0

Lubrication Engineers 收购 BioBlend Renewable Resources

Lubrication Engineers acquires BioBlend Renewable Resources

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Lubrication Engineers(LE)已收购生物基润滑油创新企业 BioBlend Renewable Resources,交易财务条款未披露。BioBlend 的产品用于地下采矿、疏浚及耐火液压系统等场景,服务于采矿、船舶、钻井和工业客户。

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HomeNewsMiningLubrication Engineers acquires BioBlend Renewable Resources

Tuesday, 20 October 20262 min read

Lubrication Engineers, Inc. ('LE'), a leading developer and manufacturer of high-performance industrial lubricants and asset reliability solutions, has announced that it has acquired BioBlend Renewable Resources, LLC ('BioBlend'), an innovator of high-performance, bio-based lubricants.

BioBlend, with its comprehensive portfolio of bio-based and hybrid lubricants, helps its mining, marine, drilling, and industrial customers reduce environmental impact without compromising performance.

Its proprietary formulations, developed over nearly two decades, are used in demanding applications ranging from underground mining and dredging to fire-resistant hydraulic systems, and are trusted by customers who require reliability and regulatory compliance in sensitive operating environments.

“BioBlend has built an impressive portfolio of high-performance, bio-based products backed by deep application expertise and a loyal customer base,” said Paul Vallis, CEO of LE.

“Together with the talented BioBlend team, we are committed to expanding access to sustainable, high-performing lubrication solutions for customers across the industries we serve.”

“For 20 years, BioBlend has been built by dedicated employees, supportive investors and loyal customers, and I’m grateful to every one of them. After careful consideration, we know that LE is the ideal home for our people, our customers and the future of BioBlend,” said Jeff Hart, CEO of BioBlend.

“With LE’s long-standing leadership in industrial lubrication and its focus on performance and quality, our team and our renewable products now have the platform to grow and make an even bigger difference.”

This is LE’s fourth acquisition since partnering with Aurora Capital Partners in September 2023, following its acquisitions of Royal Purple Industrial, SWEPCO and RSC Bio Solutions. During this time, LE has significantly expanded its lubrication expertise with powerful new synthetic and sustainable product offerings. Financial terms of the transaction were not disclosed.

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Source: Global Mining Review · 行业资讯 · globalminingreview.com

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