FUCHS PETROLUB SE - M&A Activity 2020

News Details

Corporate | 1 October 2020 09:00

FUCHS strengthens specialty business by acquiring the lubricants business of WELPONER SRL, Italy

DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition

01.10.2020 / 09:00

The issuer is solely responsible for the content of this announcement.

FUCHS strengthens specialty business by acquiring the lubricants business of WELPONER SRL, Italy

The FUCHS Group, which operates globally in the lubricants industry, acquired the lubricants business of WELPONER SRL in Bolzano, Italy, as of October 1, 2020, and will integrate it into its subsidiary FUCHS LUBRIFICANTI S.P.A.

As a longstanding trading partner of FUCHS, WELPONER generated sales revenues of around EUR 4 million in the financial year 2019. The acquisition includes the customer base and the workforce in particular. WELPONER’s business complements FUCHS’ existing business in Italy. This bundling of sales channels makes FUCHS LUBRIFICANTI S.P.A. a central and authoritative partner for all lubricants and related specialties in Italy.

Mannheim, October 1, 2020

**FUCHS PETROLUB SE

Public Relations

Friesenheimer Str. 17

68169 Mannheim, Germany

Tel. +49 621 3802-1207**

[email protected]

www.fuchs.com/group

The following information is available online:

Image and video material: www.fuchs.com/gb-en/photo-gallery/

About FUCHS

The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world’s largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

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, for example, include changes in the overall economic climate, changes in procurement prices, changes to exchange rates and interest rates, and changes within 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.

01.10.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	FUCHS PETROLUB SE
	Friesenheimer Str. 17
	68169 Mannheim
	Germany
Phone:	+49 (0)621 / 3802-0
Fax:	+49 (0)621 / 3802-7190
E-mail:	[email protected]
Internet:	www.fuchs.com/gruppe
ISIN:	DE0005790430, DE0005790406
WKN:	579043, 579040
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID:	1137963