FUCHS PETROLUB SE / Key word(s): Acquisition
18.05.2015 13:32
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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FUCHS acquires German lubricants supplier
FUCHS PETROLUB SE, which operates globally in the lubricants sector, is
taking over Deutsche Pentosin-Werke GmbH. The Wedel-based company has been
well-known as one of the leading manufacturers of quality lubricants and
specialties for the international automotive industry for more than 80
years.
With this acquisition, the FUCHS PETROLUB Group expands its portfolio in
the field of automotive lubricants and can offer its customers all over the
world an even more comprehensive range of products from a single source.
Pentosin's products complement the international activities of the FUCHS
PETROLUB Group. FUCHS strengthens its innovative capacity and
competitiveness with this acquisition.
The transaction is subject to the approval of the antitrust authorities.
About Pentosin
Pentosin was founded in 1927 and generated sales revenues of EUR 135
million in the financial year 2014. The company has 190 employees and two
German production locations in Wedel and Dormagen as well as a smaller
subsidiary in Sao Paulo, Brazil.
About FUCHS
FUCHS PETROLUB is a global Group based in Germany, which develops, produces
and distributes around 10,000 lubricants and related specialties across the
world. The Group, which was founded in 1931, with its headquarters in
Mannheim, ranks number one among the world's independent lubricant
providers. The Group has a workforce of 4,000 employees in a total of 50
operating companies worldwide. The most important markets for FUCHS in
terms of sales revenues are Western Europe, Asia and North America.
Mannheim, May 18, 2015
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim Germany
Tel: +49 621 3802-1104
E-mail: tina.vogel@fuchs-oil.de
This ad hoc announcement is also available on the internet at
www.fuchs-oil.com.
Important note
This ad hoc announcement 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, for example, include changes in
the overall economic climate, changes in procurement prices, changes to
exchange rates and interest rates, and changes within 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 ad hoc announcement and assumes no liability
for such.
18.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Munich
End of Announcement DGAP News-Service
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DGAP-Adhoc: FUCHS acquires German lubricants supplier
| Source: EQS Group AG