FUCHS PETROLUB AG in Mannheim, a globally operating lubricants supplier, acquired the industrial lubricants business of MS Fluid Technologies Inc. in Indianapolis/USA via its United States subsidiary FUCHS LUBRICANTS CO. effective October 1, 2008.
For over forty years MS Fluid Technologies has been a leading provider of high tech synthetic lubricants and cleaners to the metal working industry. This acquisition by FUCHS complements its existing line of forming lubricants and process cleaners. It strengthens the FUCHS Groups' position in metalforming both in the US and international markets.
The industrial lubricants business of MS Fluid Technologies currently generates annual sales of USD 11 million.
In 2007 FUCHS LUBRICANTS CO. generated sales of USD 204 million. The FUCHS PETROLUB Group generated sales of EUR 1.4 billion and a profit after tax of EUR 120 million in 2007. This was the sixth successive year of record profits. FUCHS currently employs almost 3,900 people worldwide.
Mannheim, October 1, 2008
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone: ++49 (0) 621 3802 - 105
The press release can also be found on the Internet at www.fuchs-oil.com.
Important note
This press 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 press release and assumes no liability for such.