Comprehensive Market Research Report
Overview
Lubrication Engineers is a prominent provider of industrial lubricants and asset reliability solutions headquartered in Wichita, Kansas. Known for its high-performance lubricant products, the company caters to a broad range of industrial applications, distinguished by its ISO 9001:2015 Certified Quality System that ensures enduring quality and customer satisfaction.
Corporate Structure and Leadership
At the helm of Lubrication Engineers is Scott Schwindaman, serving as President and CEO since 2007. The leadership team comprises:
- Paul Grimes, Chief Operating Officer
- Roy Banes, Chief Financial Officer (CFO as of 2024, succeeding Pat Kraus)
- Jeff Turner, Executive Vice President
- Mark Montgomery, Vice President of Lubrication Reliability Solutions
This robust leadership team drives strategic growth and innovation within the organization.
Financial Performance and Development
The company has an annual revenue of approximately $92.8 million and has raised $250,000 in funding. Backed by Aurora Capital, Lubrication Engineers is strategically positioned in the market.
Recent Strategic Movements
A landmark move includes the acquisition of Royal Purple's industrial brands and products, a leader in synthetic performance lubricants. This acquisition is scheduled to finalize in the first half of 2025, significantly expanding Lubrication Engineers' market offerings.
Service Offerings
Lubrication Engineers is a complete solution provider emphasizing lubrication reliability across various industries. Its product range includes:
- Enhanced Lubricants
- Synthetic Lubricants
- Solid Bar Lubricants
The company offers specialized solutions for hydraulic systems, electric motors, gearboxes, open gears, and wire ropes, aiming to boost operational efficiency and minimize equipment downtime.
Industry Engagement
Serving industries such as agriculture, construction, chemicals, food & beverage, and cement & concrete, Lubrication Engineers demonstrates a versatile approach in meeting diverse lubrication needs. The company focuses on maintaining clean and dry lubricant conditions to safeguard client assets, enhancing financial performance.
Contact Information
For inquiries and potential collaborations, contact Lubrication Engineers at:
- Address: 1919 E. Tulsa Street, Wichita, KS 67216
- Toll-Free: (800) 537-7683
- Email: [info@le-inc.com](mailto:info@le-inc.com)
- Website for Detailed Inquiries: [Contact Us](https://lelubricants.com/contact-us/)
Competitor Profiling
Overview of Competitors
With an annual revenue similar to Lubrication Engineers and a workforce of 303 employees, the company faces several prominent competitors in the market.
Key Competitors
- AMSOIL Inc.: Founded by Albert J. Amatuzio in 1969, AMSOIL is a pioneer in synthetic lubricants, distributed globally through a multi-level marketing framework. The company focuses on products for automotive, industrial, and wind turbines.
- Castrol Limited: A subsidiary of BP since 2000, Castrol has a rich history dating back to 1899, with a global presence in automotive and industrial lubricants. Known for its innovation, Castrol regularly contributes to motorsport credibility.
- Chevron Corporation: A global energy leader headquartered in California, operating across the oil and gas value chain with significant presence in the lubricants market. Chevron's robust resources and market presence are formidable.
- ExxonMobil: Among the largest energy providers, ExxonMobil offers a wide range of lubricants backed by substantial research and technology capabilities. Its vast distribution network enhances its competitiveness across industries.
- Additional Competitors: Other notable industry players include Kano Laboratories, Concentric, Agar Corporation, Gateway Energy Services, RelaDyne, Perstorp Group, CLIMALIFE, and Schaeffer Oil. These entities contribute to the diverse competitive environment with focused and broad-spectrum product offerings.
Strategic Insights
Navigating this competitive landscape requires strategic agility, continuous innovation, and effective marketing positioning. Lubrication Engineers must pursue collaboration opportunities, diversify its market approach, and relentlessly advance its technological capabilities to maintain and grow its market share.
