Corporate | 23 June 2014 13:00
DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition
23.06.2014 / 13:00
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FUCHS acquires the BATOYLE FREEDOM Group's business in UK
The globally active lubrication specialist FUCHS PETROLUB SE in Mannheim,
Germany, has acquired the lubricants business of the BATOYLE FREEDOM Group
in UK and will integrate it into their subsidiary FUCHS LUBRICANTS (UK).
The companies BATOYLE and FREEDOM 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. It is
proposed that following a transition period, manufacturing will be
integrated into FUCHS' plant in Hanley.
The BATOYLE FREEDOM product range complements the lubricants portfolio of
FUCHS' automotive and industrial business. Through the acquisition FUCHS
will also extend its product portfolio for the glass industry where BATOYLE
is internationally successful.
With this transaction FUCHS is further expanding its specialisation on
lubricants and strengthens its UK market presence at the same time.
In 2013, the FUCHS PETROLUB Group accounted for EUR 1.8 billion sales with
staff of 3,888. FUCHS LUBRICANTS (UK) made EUR 151 million sales with 291
employees.
The completion of the transaction took place on June 20, 2014.
Mannheim, June 23, 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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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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