The globally active lubrication specialist FUCHS PETROLUB SE in Mannheim, Germany, has acquired the lubricants business of the BATOYLE FREEDOM Group in UK and will integrate it into their subsidiary FUCHS LUBRICANTS (UK).
The companies BATOYLE and FREEDOM 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. It is proposed that following a transition period, manufacturing will be integrated into FUCHS´ plant in Hanley.
The BATOYLE FREEDOM product range complements the lubricants portfolio of FUCHS’ automotive and industrial business. Through the acquisition FUCHS will also extend its product portfolio for the glass industry where BATOYLE is internationally successful.
With this transaction FUCHS is further expanding its specialisation on lubricants and strengthens its UK market presence at the same time.
In 2013, the FUCHS PETROLUB Group accounted for EUR 1.8 billion sales with staff of 3,888. FUCHS LUBRICANTS (UK) made EUR 151 million sales with 291 employees.
The completion of the transaction took place on June 20, 2014.
Mannheim, June 23, 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
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.