Husky Corporation, which manufactures innovative fuel dispensing products and serves customers across the transportation sector, has acquired New York based Kinetic Laboratories and the K100 product line of gasoline and diesel fuel treatment additives. Terms of the acquisition were not disclosed.
K100 features a proprietary formula developed 57 years ago that addresses water management, fuel stability, and control of gums and varnishes. It is regarded as one of the most versatile and effective fuel treatments available.
“The K100 product line is an excellent compliment to all our current offerings for fuel dispensing, automotive, and transportation customers,” said Husky Corporation President Grenville Sutcliffe. “This acquisition fits extremely well with our company growth strategy.”
K100 products have a unique ability to target water in fuel systems, a particular problem in ethanol-blended gasoline. When added to fuel or storage tanks, K100 permanently bonds and encapsulates water molecules, forming a burnable organic compound. As the engine runs, the encapsulated water is harmlessly burned with the fuel, releasing a beneficial cleansing steam. The process is embodied in the K100 “We Make Water Burn” trademark.
“We are delighted to see that Husky is dedicated to investing in K100 to grow the business,” said Kinetic Laboratories CEO Mark Quallen.
For additional information about the acquisition, please contact Brad Baker, Husky Corporation Executive Vice President.