FUCHS PETROLUB AG, based in Mannheim, which develops, blends and markets lubricants has, with effect from October 1, 2010, acquired the worldwide food grade specialty lubricants business of Shell International Petroleum, London.
In 2009, Shell generated sales revenues of EUR 21 million in their food grade lubricants business. Shell’s broad spectrum of customers includes leading international producers of food and beverages.
FUCHS’ acquisition includes product technology, the customer base, the global CASSIDA brand, as well as those employees working in sales and research and development. With this acquisition the FUCHS PETROLUB Group expands its current product range in food grade lubricants becoming a leading international supplier in this market segment. This is a further decisive strategic step by FUCHS in expanding and strengthening its specialty business.
FUCHS is the world's largest independent marketer of lubricants and related specialties. The FUCHS PETROLUB Group generated sales revenues of EUR 1.2 billion and profit after tax of EUR 121 million in the financial year 2009. The Group currently has 3,515 employees worldwide.
Mannheim, August 5, 2010
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Germany
Tel.: ++49 (0) 621 3802-1124
The information below can be accessed at the following web addresses:
Press release:
www.fuchs-oil.com
Press photos:
www.fuchs-oil.de/pressphotos.htmlphotogallery0.html
Important note
This press release contains statements about future developments 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 in 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 press release and assumes no liability for such.