FUCHS acquires German lubricants supplier
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.
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.
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
Friesenheimer Str. 17
68169 Mannheim Germany
Tel: +49 621 3802-1104
This ad hoc announcement is also available on the internet at www.duhe6.com/group
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.