FUCHS sells Dormagen production site
The FUCHS Group, which operates globally in the lubricants industry, is selling its German production site in Dormagen to CCI Group, Japan, as of December 1, 2017.
Dormagen is one of eight production sites in Germany. At this production site, around 40 employees work on producing and bottling brake fluids and antifreeze. Along with the site, which CCI will continue to operate, individual customer transactions in the specified product areas with sales revenues of EUR 10 million will also be transferred.
With this sale, the FUCHS Group is focusing its production activities on its core business of lubricants again. The Dormagen site was part of Deutsche Pentosin-Werke GmbH, which was acquired in 2015.
Mannheim, December 1, 2017
FUCHS PETROLUB SE
Friesenheimer Str. 17
Phone +49 621 3802-1201
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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.
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.
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