DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition
FUCHS acquires the LUBRITENE group's business in South Africa and
Australia
14.05.2014 / 15:00
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The globally active lubrication specialist FUCHS PETROLUB SE in Mannheim,
Germany, has acquired the lubricants business of LUBRITENE and LUBRASA in
South Africa and Australia and will integrate them into their local
companies.
The companies LUBRITENE and LUBRASA recorded combined sales of EUR 15
million in their financial year 2013/2014. The acquisition was primarily
made to obtain access to product technology, customer base and personnel.
The current production capacities of the LUBRITENE group will over time be
integrated into FUCHS plants in Johannesburg and Melbourne.
The LUBRITENE product range complements the lubricants portfolio of FUCHS'
mining business.
The LUBRASA activities will extend the FUCHS product portfolio for food
grade applications in Southern Africa.
With this transaction FUCHS is further expanding its specialisation on
lubricants and its long term and global strategy of marketing niche
technology.
In 2013, the FUCHS PETROLUB Group accounted for EUR 1.8 billion sales with
staff of 3,888. FUCHS LUBRICANTS (SOUTH AFRICA) made EUR 49 million sales
with 132 employees, FUCHS LUBRICANTS (AUSTRALASIA) had EUR 135 million
sales with 138 employees.
The transaction is subject to local competition authorities' approval.
Mannheim, May 14, 2014
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim/Germany
Tel: +49 (0)621 3802-1104
E-mail: tina.vogel@fuchs-oil.de
This press release is also available on the internet at www.fuchs-oil.com.
Important note
This press release contains statements about future developments that are
based on assumptions and estimates by the management of FUCHS PETROLUB SE.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can include changes in the overall
economic climate, changes to exchange rates and interest rates, and changes
in the lubricants industry. FUCHS PETROLUB SE provides no guarantee that
future developments and the results actually achieved in the future will
match the assumptions and estimates set out in this press release and
assumes no liability for such.
End of Corporate News
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14.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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268140 14.05.2014
DGAP-News: FUCHS acquires the LUBRITENE group's business in South Africa and Australia
| Source: EQS Group AG