Ad hoc: Disinvestment: Fuchs Petrolub AG: FUCHS divests its polishing division LIPPERT-UNIPOL
FUCHS PETROLUB AG of Mannheim/Germany sold its polishing division
LIPPERT-UNIPOL to JASON GmbH. JASON GmbH located in
Sulzbach-Rosenberg/Germany manufactures and markets technical brushes
and tools for surface treatment and is a wholly owned subsidiary of
the globally active JASON INCORPORATED headquartered in
Milwaukee/USA.
With 3,000 employees JASON INCORPORATED generated sales revenues of
around 550 million US$ in 2005.
The LIPPERT-UNIPOL group headquartered in Epfenbach/Germany employs 208 employees and generated sales of 22 million € in 2005. The purchase price was 12 million € on a debt free/cash free basis.
The FUCHS PETROLUB group is the largest independent manufacturer and marketer of lubricants in the world. In 2005 the group generated sales of 1,2 billion € with 4.137 employees. Following the divestment of the polishing division, FUCHS is completely focused on lubricants and related specialties.
Mannheim, July 14, 2006
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone: (0621) 3802 - 105
The Ad hoc-release can also be found on the Internet at www.fuchs-oil.de.
Important note
This Ad hoc-release contains statements about future development that are based on assumptions and estimates by the management of FUCHS PETROLUB AG. 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 to the overall economic climate, changes to exchange rates and interest rates and changes in the lubricants industry. FUCHS PETROLUB AG provides no guarantee that future developments and the results actually achieved in the future will agree with the assumptions and estimates set out in this Ad hoc-release and assumes no liability for such.