Fuchs Acquires Food-grade Lubricants Business from Shell

Noria news wires

Fuchs Petrolub AG, based in Mannheim, Germany, 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 its 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.

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