Cam2 International President Jack Baker and a group of investors acquired ownership of the lubricants blender and marketer from Omega Holdings Co. LLC. Terms were not disclosed.
According to the companys March 4 news release, the asset purchase includes the rights to all the Cam2 brands, the Cam2 marketing organization and various other assets, including the Hammond Lubricants Works blending facility, located just south of Chicago in Hammond, Ind. Cam2 will also continue to manufacture at the Golden State Lubricant Works blending facility in Bakersfield, Calif.
Baker, who has been president of Cam2 since its inception in 1984, will remain with Cam2 and take on the role of CEO, and Walter Tyson will become the new company president. This decision was made to ensure that Cam2 will be a position to be fully focused on its core business, and to allow the organization as a whole to be proactive in its efforts to make the necessary changes to grow and prosper in the newly evolving and competitive marketplace, Baker said in the news release. With the addition of Walter Tyson as president of Cam2 and his experience to our existing management team, we believe we have the strongest and most experienced leadership in the lubricants industry today.
Tyson spent 22 years at Martin/Cross Lubricants in numerous positions, ending his tenure as senior vice president of Martin Lubricants. According to the news release, he was responsible for construction of Martins 235,000 square foot packaging facility in Smackover, Ark., and led the team that built and managed the start-up packaging company for the past 11 years.
Other than Baker becoming CEO and the addition of Tysons as president, Cam2s existing senior management team will remain in place. The other existing management team members include John Horstman, executive vice president, Gary Rooney Sr., vice president of special projects, Steve Shockites, vice president of logistics, Lindsay Baker-Hegna, vice president of sales and marketing, and Jeff Cosman, vice president of manufacturing.
Cam2 markets lubricants through distributors across the United States and in numerous international countries. According to its web site, Cam2 uses almost 150 railcars to distribute its bulk lubricants through numerous company-controlled distribution points capable of handling tank trucks and railcars along with an extensive network of bulk distributors located across the U.S. Its automotive, commercial and industrial lubricants, available in bulk and packaged form, include brake fluids, power steering fluids, greases and gear oils, aerosol and liquid pour chemicals, antifreeze and washer fluid. The company also offers customizable private label programs.