FUCHS and DEA to terminate joint venture
FUCHS and DEA to terminate joint ventureSTART_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGFUCHS PETROLUB AG, Mannheim, one of the world's leading lubricant producers, has decided, in view of the planned merger of the refining and marketing operations of SHELL (GERMANY) and DEA, to agree with DEA to terminate the joint venture FUCHS DEA SCHMIERSTOFFE founded in 1998.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGThis means that on December 31, 2001, DEA will withdraw from FUCHS DEA SCHMIERSTOFFE, which anticipates sales of just under Euro 280m for the current year.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGDEA's settlement comprises transfer of the Hamburg-Grasbrook Division, which at the same time will constitute the basis for future supply of the DEA sales channels and the workshop business with lubricants under the DEA brand. No cash compensation above and beyond this will be made.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGAs from January 1, 2002, FUCHS PETROLUB AG will continue to run the former FUCHS DEA SCHMIERSTOFFE as a subsidiary (100 %) operating under the name of FUCHS EUROPE SCHMIERSTOFFE GMBH. START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGMannheim, December 21, 2001START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGFUCHS PETROLUB AGSTART_OF_TAGBREND_OF_TAGPublic RelationsSTART_OF_TAGBREND_OF_TAGFriesenheimer Str. 17START_OF_TAGBREND_OF_TAGD-68169 MannheimSTART_OF_TAGBREND_OF_TAGTel.: +49 621 3802 104START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGThe ad-hoc release is also available on the Internet under http://www.fuchs-START_OF_TAGBREND_OF_TAGoil.de.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGend of ad-hoc-announcement