![]() ![]() The company has eight plants located in northwest Louisiana, northwest Wisconsin, western Pennsylvania, southeastern Texas and eastern Missouri.įor more information, visit. Offers bigger blooms and a brighter purple color, with earlier, more fully double flowers. Calumet's obligation to consummate the acquisition is not conditioned upon the receipt of financing.īased in Indianapolis, Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents, waxes and asphalt used in consumer, industrial and automotive products. Fills the gallon and larger dahlia needs with a big flower display. Calumet intends to finance the Royal Purple acquisition through a combination of cash on hand, including a portion of the approximately $149 million of net proceeds from its recently completed common unit offering, borrowings under its senior secured revolving credit facility and potentially other long-term debt financing. "We believe Calumet shares Royal Purple's vision and commitment to excellence and will greatly assist in our continued growth."Īccording to the agreement, Royal Purple will be converted into a limited liability company, and Calumet will acquire 100 percent of its membership interests at the closing. "Everyone at Royal Purple is excited about becoming part of Calumet," said Lee Culbertson, Royal Purple's president and chief executive officer. They also have a very experienced and dedicated workforce, and we are looking forward to working with them." ![]() "Royal Purple has an extensive specialty product line serving the industrial and consumer automotive markets. "Calumet is very excited to be adding the Royal Purple product line to our portfolio of specialty products," said Bill Grube, Calumet's chief executive officer. The acquisition is expected to close by the middle of July 2012, subject to customary closing conditions and regulatory approval. That’s why we will talk about 99 shades of purple color in today’s article, including their names, hex, RGB, and CMYK codes. The royal class’ purple monopoly finally waned after the fall of the Byzantine empire in the 15th century, but the color didn’t become more widely available until the 1850s, when the first synthetic dyes hit the market.Calumet Specialty Products Partners has announced that it has signed a definitive agreement to acquire high-performance lubricant manufacturer Royal Purple Inc. The mysterious and royal perception of purple has remained through the centuries and nowadays many designers use it to make their projects stand out from the crowd. It also didn’t hurt that Tyrian purple was said to resemble the color of clotted blood-a shade that supposedly carried divine connotations. It took as many as 250,000 mollusks to yield just one ounce of usable dye, but the result was a vibrant and long-lasting shade of purple.Ĭlothes made from the dye were exorbitantly expensive-a pound of purple wool cost more than most people earned in a year-so they naturally became the calling card of the rich and powerful. To harvest it, dye-makers had to crack open the snail’s shell, extract a purple-producing mucus and expose it to sunlight for a precise amount of time. The Phoenicians’ “Tyrian purple” came from a species of sea snail now known as Bolinus brandaris, and it was so exceedingly rare that it became worth its weight in gold. For centuries, the purple dye trade was centered in the ancient Phoenician city of Tyre in modern day Lebanon. The reason for purple’s regal reputation comes down to a simple case of supply and demand. Its rulers wore flowing purple robes and signed their edicts in purple ink, and their children were described as being “born in the purple.” Purple was especially revered in the Byzantine Empire. The Persian king Cyrus adopted a purple tunic as his royal uniform, and some Roman emperors forbid their citizens from wearing purple clothing under penalty of death. The color purple’s ties to kings and queens date back to ancient world, where it was prized for its bold hues and often reserved for the upper crust. ![]()
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