DGAP-News: Fuchs Petrolub AG: FUCHS acquires food grade lubricants business from Shell

Fuchs Petrolub AG / Mergers & Acquisitions

05.08.2010 15:32 

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FUCHS acquires food grade lubricants business from Shell 


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:

http://www.fuchs-oil.com

Press photos:

http://www.fuchs-oil.de/photogallery0.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.


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Language:     English
Company:      Fuchs Petrolub AG
              Friesenheimer Str. 17
              68169 Mannheim
              Deutschland
Phone:        +49 (0)621 / 3802-0
Fax:          +49 (0)621 / 3802-190
E-mail:       contact-de.fpoc@fuchs-oil.de
Internet:     www.fuchs-oil.de
ISIN:         DE0005790406, DE0005790430
WKN:          579040, 579043
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
              Freiverkehr in Berlin, Düsseldorf, München, Hamburg
 
End of News                                     DGAP News-Service
 
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