Tampa, Florida-based AMALIE Oil, the largest private and family-owned independent blender of lubricants in North America, has signed a strategic agreement with ESL TEKnologies (ESLT), whereby ESLT has the exclusive sales and marketing rights to Spectrol branded lubricants in the U.S.
SpectrolTM is a complete line of bulk and packaged lubricants formulated with premium quality base oils and proprietary additives for the automotive, commercial and industrial markets.
AC Oil Corporation, an AMALIE business unit located in North Charleston, SC, will continue to produce and package Spectrol lubricants.
"The opportunity to increase Spectrol's market share in the 2.3 billion gallon U.S. lubricants marketplace presents a very real opportunity for our company and AMALIE," said John T. "Cork" Jaeger Jr., ESLT's CEO. "We've assembled a seasoned marketing and sales team that has vast experience in the lubricants industry. In addition, some of our people have been involved with developing advanced lubricant formulations. We look forward to applying this expertise to the Spectrol brand as well."
In addition to Jaeger, who has extensive experience as an executive in the automotive industry, ESLT's management team includes David Gempel as executive vice president and chief marketing officer. An industry veteran of 37 years, Gempel has held key management positions with firms such as Valvoline, ExxonMobil, Safety-Kleen and others.
Under licensing agreements, ESLT has access to a number of proprietary additive technologies that have been developed collaboratively with the University of Texas at Arlington, and industrial and federal laboratories. One such technology, which is aimed at improving gas mileage and tailpipe emissions, is currently being tested in a vehicle fleet. According to Jaeger, preliminary findings from this test are quite promising.
"We anticipate that this strategic partnership with ESLT will help us tremendously in achieving one of our essential corporate objectives, to extend the Spectrol brand and expand its market share," said Harry J. Barkett, president and CEO of AMALIE. "We look forward to working with the management and sales teams that ESLT has assembled."
ESLT is a Dallas-based sales and marketing organization serving the 2.3 billion gallon U.S. lubricant industry. The firm is distinguished by its long-time advisors and investors, many of whom participated in a company formed in 2009 to develop lubricant technologies. That company was repositioned from technology development to sales and marketing in 2015, and recapitalized in 2017 as ESLT.
Spectrol is a trademarked brand of AMALIE Oil Co.
In December 2015, AMALIE acquired Delfin Group USA, a lubricant blending and packaging facility in North Charleston, SC, whose primary brand at the time was Spectrol.