Motul Acquires Chem Arrow Corp.
Motul has acquired Chem Arrow Corp., A Global Leader in the supply of lubricants to the HVAC market. The move strengthens Motul’s global presence in the industrial sector, and underscores its ambition to become a key global player in lubricants for metal parts manufacturing.
Aubervilliers, France, October 16, 2024 –The acquisition of Chem Arrow Corp. enables Motul to offer an expanded range to its existing clients, and to increase its influence on the American continent, where the United States represents the world's largest market for metalworking fluids, valued at $2.8 billion, ahead of China. The acquisition will allow MotulTech to double its business and acquire new technologies essential to the HVAC (heating, ventilation, and air conditioning) market.
Chem Arrow Corporation, founded in 1977 and headquartered in California with subsidiaries in Canada and the United Kingdom, develops and manufactures metalworking fluids, lubricants for special applications, and industrial cleaners. Chem Arrow is a global leader and major supplier in the HVAC (Heating, Ventilation, and Air Conditioning) sector. Their HVAC range of products include fin stamping and bending fluids with low to zero VOC (Volatile Organic Compound) emissions. Motul, which has a 170-year history of technical expertise in efficiency and safety, has a global reputation for its pioneering innovation. With a broad range of high-performance, sustainable products, the group is now a key player in the development of fluids and lubricants for industry and mobility.
For the last three decades, the Group has been offering metalworking fluids and lubricants for industrial equipment maintenance under the MotulTech brand, now marketed in 60 countries.
The technological expertise in metalworking, and the complementary geographic presence of both companies, will make the newly formed group the preferred partner for industrial metal parts producers.
The acquisition of Chem Arrow supports Motul’s industrial growth ambitions of reaching €200 million in revenue by 2030, which will be achieved through acquisitions in strategic market segments and geographies.
"The acquisition of Chem Arrow Corp. marks an important milestone in our external growth strategy. We see a lot of synergies and development opportunities with this growing player. It reinforces our know-how and expertise in the service of sustainable development in our industry," said Stéphane Bringues, CEO of MotulTech.
Hamish Mitchell, President & CEO of Chem Arrow Corporation, stated: “This is such an exciting opportunity for our distributors, customers, and employees. It will enable us to fully harness our growth potential. Motul's global reach will significantly enhance Chem Arrow's ability to expand into new markets, providing us with a broader international footprint. Additionally, our research and development capabilities will be further strengthened by access to strategically located manufacturing facilities across Asia, Europe, India, Africa and South America. We are committed to retaining our valued and talented workforce and look forward to welcoming additional top-tier associates to our team. Keeping the exceptional employees who have driven Chem Arrow’s success was a key consideration in our discussions regarding this merger.”
About Motul
Motul specializes in the formulation, production, and distribution of high-quality lubricants that elevate performance in multiple usages from powersport to passenger cars, heavy duty, and industrial applications. Motul has pioneered synthetic oils with its flagship 300V, the first 100% synthetic multigrade lubricant. Building on this long-term know-how, Motul is now extending its expertise to care products for cars, motorbikes and bicycles, as well as advanced fluids for the thermal management of electric vehicle batteries and digital infrastructures such as data centers, addressing the performance and sustainability challenges of tomorrow.
Founded in 1853, Motul is a global company present in 160 countries. Over the years, the brand has built a solid reputation as a trusted partner to support the performance of leading manufacturers, top motorsport teams and major championships, such as the 24 Hours of Le Mans, the WEC, MotoGP, Dakar, Goodwood, or the UCI Mountain Bike World Series.
