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WD-40 Company Acquires UK-Based GT85 Limited for Approximately 6.8 Million Pounds

From News

September 3, 2014

WD-40 Company Acquires UK-Based GT85 Limited for Approximately 6.8 Million Pounds

WD-40 Company announced the acquisition of GT85 Limited, a Leeds, UK-based manufacturer of PTFE-containing bicycle and general maintenance spray products, for approximately 6.8 million British pounds. The deal expanded WD-40 Company operations in the United Kingdom specialty maintenance chemical market. GT85 products were widely used by cyclists and motorcycle enthusiasts for their PTFE-based lubrication properties. The acquisition gave WD-40 Company a stronger foothold in the cycling maintenance segment alongside its existing WD-40 Specialist bicycle-specific product line.

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