Successful Deals with PwC: Acquisition of the SPECTRO PERFORMANCE OILS business by MOTOREX GROUP

PwC’s Corporate Finance team is pleased to announce the acquisition of the SPECTRO PERFORMANCE OILS business by MOTOREX USA INC, the US-affiliate of Swiss-based MOTOREX-BUCHER GROUP AG (“MOTOREX GROUP”). PwC supported MOTOREX GROUP as Lead Advisor.

Intercontinental Lubricants Corporation is based in Brookfield CT and is widely known under its brand name SPECTRO PERFORMANCE OILS, a brand with a rich heritage and an excellent reputation in the aftermarket motorcycle sector in the US and worldwide.

MOTOREX GROUP was founded in 1917 and is a family-owned and globally active manufacturer of lubricants, clean and care products with 400 employees and more than 2’500 formulations. It has been present in the US market for more than 25 years and has production facilities in Switzerland, the US, France, and Poland.

MOTOREX GROUP has agreed to acquire the SPECTRO PERFORMANCE OILS business. The deal includes all national and international activities as well as the blending and storage facility in Brookfield CT and will be effective by February 20, 2023.

With this important step, MOTOREX GROUP strengthens its portfolio with a traditional and well-established US brand that is complementary within the Powersport market. Moreover, the hub in Brookfield CT will also support the business activities of MOTOREX GROUP in other sectors such as industrial fluids or biodegradable hydraulic oil. It will allow the group to produce more goods made in the US, ensure closer support to its distributors, and improve supply and customer service.

The PwC Deals team supported MOTOREX GROUP with buy-side M&A Lead Advisory Services.

The PwC team

Corporate Finance / M&A Lead Advisory

Sascha Beer, Partner
Andreas Schmuckli, Senior Manager
Viola Hertkorn, Associate