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
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1207
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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 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.
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.