FUCHS sells equity holding in Switzerland
The FUCHS Group, which operates globally in the lubricants industry, sold its 50% share in MOTOREX AG Langenthal, founded in 1973, for CHF 17 million to the former local partner, MOTOREX-BUCHER Group AG in Langenthal.
Over the past four decades, FUCHS PETROLUB and MOTOREX-BUCHER have grown strongly both nationally and internationally. Both companies are grateful for the former partnership but intend to go separate ways in the future. FUCHS will participate in the Swiss market directly and with trading partners under the FUCHS brand in the future.
Mannheim, August 16, 2018
FUCHS PETROLUB SE
Friesenheimer Str. 17
Tel. +49 621 3802-1104
The following information is available online:
Image and video material: www.fuchs.com/group/mediagallery
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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