FUCHS strengthens presence in South America with the acquisition of the lubricants business from Comercial Pacific Ltda., Chile
The FUCHS Group, which operates globally in the lubricants industry, acquires the lubricants business of Comercial Pacific Ltda. in Chile in July 2018, and integrates it into a newly founded company. The acquisition focuses in particular on the customer base and workforce. The FUCHS Group will hold 65% of the shares in the company and Comercial Pacific Ltda. the remaining 35%.
Comercial Pacific Ltda. has established itself as a long-standing FUCHS distributor in Chile in the mining, food, paper and cellulose industries. The company employs 13 people in sales and application engineering.
Mannheim, July 4, 2018
FUCHS PETROLUB SE
Friesenheimer Str. 17
Tel. +49 621 3802-1104
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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. Formed in Mannheim in 1931, the Group employs more than 5,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its 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, actual future developments and results can 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 in 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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