# PLZ Aeroscience acquires Penray Companies

PLZ Aeroscience, majority-owned by Pritzker Group Private Capital, acquired The Penray Companies, a manufacturer of automotive chemicals for heavy-duty truck and automotive aftermarket. The deal closed on June 1, 2017.

- Type: Acquisition
- Announced: 2017-06-01
- Where: Illinois, United States
- Status: completed
- Products: automotive chemicals, coolant liquids and filters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [PLZ Aeroscience Corporation](https://endata.com/companies/5430.md) (acquirer)
- [The Penray Companies](https://endata.com/companies/25060.md) (target)
- [Source Capital](https://endata.com/companies/25061.md) (investor)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/penray-sold-plz-aeroscience/), 2017-06-21: "BB&T Capital Markets has acted as the exclusive adviser to The Penray Companies, a portfolio company of Source Capital, in its sale to PLZ Aeroscience, which is majority-owned by Pritzker Group Private Capital."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.