FUCHS strengthens market presence in Switzerland through intensified trading partnerships
The FUCHS Group, which operates globally in the lubricants sector, has been present on the Swiss market for more than 40 years. After FUCHS sold its 50% share in a local joint venture in August 2018, the Swiss market is now being served directly by local trading partners. FUCHS has been able to win three renowned and experienced trading partners for future sales in Switzerland: The lubricant specialist ASEOL SUISSE AG, the LAVEBA cooperative and the chemical-technical heat transfer specialist S. AFFOLTER. FUCHS thus ensures complete market coverage across all customer groups in Switzerland.
ASEOL SUISSE AG in Steffisburg will distribute industrial lubricants and lubricants for special applications throughout Switzerland as a trading partner for FUCHS. In addition, ASEOL SUISSE AG will take over the distribution of automotive FUCHS lubricants in Western, Central and Southern Switzerland.
The LAVEBA cooperative in St. Gallen takes over the distribution of automotive FUCHS lubricants for Eastern Switzerland.
The more than 25 years lasting proven partnership with the company S. AFFOLTER in Schmitten for the distribution of FUCHS refrigeration oils will be continued.
Mannheim, December 18, 2019
FUCHS PETROLUB SE
Friesenheimer Str. 17
Tel. +49 621 3802-1104
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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 around 5,500 people worldwide at 58 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.
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, actual future developments and results can 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 in 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.