10.01.2025 13:00:03
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EQS-News: FUCHS acquires German specialty lubricants manufacturer
EQS-News: FUCHS SE
/ Key word(s): Takeover
Mannheim, January 10, 2025 – On January 9, 2025, the FUCHS Group, which operates globally in the lubricants industry acquired the German lubricants company Boss Lubricants GmbH & Co. KG. This family-run company, based in Albstadt, Baden-Württemberg, develops, produces and distributes lubricants that are used in medical technology, safety technology, metalworking and mechanical engineering, among other things. With this acquisition, the FUCHS Group aims to complement its existing specialty business and create new, internationally scalable growth opportunities. Boss Lubricants, with its development and production site in Albstadt, has so far focused primarily on the German market with a small export share. The company will continue to operate from this site and will remain under the leadership of the current owner and managing director Rainer Gunsch-Boss. From FUCHS' point of view, the acquisition of Boss Lubricants represents a great opportunity for future development. “Not only are we gaining a team of highly qualified employees with specific know-how in niche areas, but we are also expanding our product portfolio of specialty lubrication solutions,” says Stefan Fuchs, CEO of FUCHS SE. “While metalworking and mechanical engineering are among our long-established areas of expertise, we are particularly looking forward to the addition of further expertise in the future markets of medical and safety technology.” FUCHS can serve the associated growth potential with its global network of 33 production sites and 55 operating companies, offering its customers worldwide even greater added value. Boss Lubricants employs 20 people and generated sales of approximately EUR 7 million in fiscal year 2023. The FUCHS Group employs 6,200 people and generated sales of EUR 3.5 billion in fiscal year 2023. FUCHS SE About Boss Lubricants GmbH & Co. KG About FUCHS
10.01.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | FUCHS SE |
Einsteinstraße 11 | |
68169 Mannheim | |
Germany | |
Phone: | +49 (0)621 / 3802-0 |
Fax: | +49 (0)621 / 3802-7190 |
E-mail: | ir@fuchs.com |
Internet: | www.fuchs.com/gruppe |
ISIN: | DE000A3E5D64, DE000A3E5D56 |
WKN: | A3E5D6, A3E5D5 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
EQS News ID: | 2064931 |
End of News | EQS News Service |
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2064931 10.01.2025 CET/CEST
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