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FUCHS strengthens presence in Central and Eastern Europe with acquisition of lubricants business from LUBASYST, Romania

FUCHS strengthens presence in Central and Eastern Europe with acquisition of lubricants business from LUBASYST, Romania

DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition

30.11.2017 / 07:00
The issuer is solely responsible for the content of this announcement.


FUCHS strengthens presence in Central and Eastern Europe with acquisition of lubricants business from LUBASYST, Romania

The FUCHS Group, which operates globally in the lubricants industry, will purchase the lubricants business of LUBASYST in Romania as of December 1, 2017, and will integrate it in the new subsidiary FUCHS Romania.

As a longstanding trading partner of FUCHS, LUBASYST generated sales revenues of around EUR 4 million in 2016. The acquisition includes the customer base and the workforce in particular. LUBASYST's business will supplement FUCHS' existing business in Romania, which will now be combined in the recently established FUCHS subsidiary in Romania.

Mannheim, November 30, 2017

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone +49 621 3802-1201
thomas.altmann@fuchs.com

www.fuchs.com/group

The following information is available online:
Image and video material: www.fuchs.com/group/mediagallery

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. The company, which was founded in Mannheim in 1931, employs around 5,000 people worldwide at 57 operating companies. FUCHS is the world's largest independent lubricant manufacturer. The most important markets in terms of sales revenues are Western Europe, Asia, and North America.

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, 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 press release and assumes no liability for such.



30.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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