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| Datum : | 14.05.2014 |
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DGAP-News: FUCHS acquires the LUBRITENE group's business in South Africa and Australia |
| Meldung : | DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition FUCHS acquires the LUBRITENE group's business in South Africa and Australia 14.05.2014 / 15:00 --------------------------------------------------------------------- The globally active lubrication specialist FUCHS PETROLUB SE in Mannheim, Germany, has acquired the lubricants business of LUBRITENE and LUBRASA in South Africa and Australia and will integrate them into their local companies. The companies LUBRITENE and LUBRASA recorded combined sales of EUR 15 million in their financial year 2013/2014. The acquisition was primarily made to obtain access to product technology, customer base and personnel. The current production capacities of the LUBRITENE group will over time be integrated into FUCHS plants in Johannesburg and Melbourne. The LUBRITENE product range complements the lubricants portfolio of FUCHS' mining business. The LUBRASA activities will extend the FUCHS product portfolio for food grade applications in Southern Africa. With this transaction FUCHS is further expanding its specialisation on lubricants and its long term and global strategy of marketing niche technology. In 2013, the FUCHS PETROLUB Group accounted for EUR 1.8 billion sales with staff of 3,888. FUCHS LUBRICANTS (SOUTH AFRICA) made EUR 49 million sales with 132 employees, FUCHS LUBRICANTS (AUSTRALASIA) had EUR 135 million sales with 138 employees. The transaction is subject to local competition authorities' approval. Mannheim, May 14, 2014 FUCHS PETROLUB SE Public Relations Friesenheimer Str. 17 68169 Mannheim/Germany Tel: +49 (0)621 3802-1104 E-mail: tina.vogel@fuchs-oil.de This press release is also available on the internet at www.fuchs-oil.com. 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 include changes in the overall economic climate, changes to exchange rates and interest rates, and changes in 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. End of Corporate News --------------------------------------------------------------------- 14.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Language: English Company: FUCHS PETROLUB SE Friesenheimer Str. 17 68169 Mannheim Germany Phone: +49 (0)621 / 3802-0 Fax: +49 (0)621 / 3802-7190 E-mail: ir@fuchs-oil.de Internet: www.fuchs-oil.de ISIN: DE0005790430, DE0005790406 WKN: 579043, 579040 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München End of News DGAP News-Service --------------------------------------------------------------------- 268140 14.05.2014 |
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