FUCHS broadens its scope through the acquisition of LUBCON

"FUCHS Group, a prominent player in the global lubricants industry, has unveiled its strategic acquisition plan for LUBCON Group, a renowned German manufacturer recognized for its high-performance specialty lubricants. This acquisition aims to enrich FUCHS’s offerings within the specialty lubrication solutions market, fortifying its global competitiveness. Pending regulatory approval, the transaction is anticipated to conclude in the third quarter of 2024.

Based in Maintal, Hessen, Germany, LUBCON Group brings a wealth of experience and a robust product portfolio comprising greases, oils, and pastes. The company operates through 13 entities and owns five production facilities across Germany, Poland, the Philippines, India, and the United States, serving diverse sectors such as railway, roller bearings, paper, textiles, food, pharmaceuticals, and wind industries.

Heiko Engelke, managing partner at LUBCON, expressed optimism about the prospects arising from this partnership. “I am confident that, with the FUCHS network comprising 55 companies and 33 production facilities, we can effectively harness the growth potential of LUBCON Group on a global scale. Finding the right partner was crucial for us, and we look forward to advancing alongside FUCHS while securing our future,” Engelke remarked. He also emphasized the shared family-run heritage of both entities, which underpins their aligned values and business ethos.

Stefan Fuchs, chairman of the Executive Board at FUCHS SE, underscored the strategic advantages of the acquisition. “In addition to gaining a team of highly skilled employees boasting extensive technological expertise, we are expanding our product portfolio, particularly in industrial lubricants and greases. This move not only reinforces our presence in existing key markets but also facilitates entry into new sales territories. We are confident that this strategic decision will further consolidate our position as a leading industry supplier,” Fuchs affirmed.

Headquartered in Mannheim, Germany, FUCHS Group employs approximately 6,200 personnel globally and reported sales revenue of EUR 3.5 billion (USD 3.7 billion) in 2023. In contrast, LUBCON Group, with 211 employees, generated sales revenue of around EUR 40 million (USD 42.6 million) during the same period.

The acquisition is poised to amplify FUCHS’s capacity to innovate lubrication solutions tailored to the evolving needs of global industries. It represents a significant stride in FUCHS’s ongoing endeavors to uphold and expand its market leadership in delivering sustainable and efficient lubrication technologies."

The detailed article published by www.fuelsandlubes.com can be accessed from https://www.fuelsandlubes.com/fuchs-expands-reach-with-lubcon-acquisition/

Photo courtesy of FUCHS Group