DGAP-News: FUCHS successfully completes the acquisition of Nye Lubricants Inc., a high-performance specialty synthetic lubricant manufacturer in the US
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Acquisition
FUCHS successfully completes the acquisition of Nye Lubricants Inc., a high-performance specialty synthetic lubricant manufacturer in the US After having received all the required regulatory approvals, the acquisition was closed today. With this acquisition the FUCHS Group further expands its specialty lubricants product portfolio, offering engineered solutions across multiple markets while creating opportunities to serve new high-end, critical applications. The business will continue to be operated out of its Fairhaven, Massachusetts, location. Nye employs 180 people and generated USD 51 million (approx. EUR 46 million) in sales in its fiscal year 2018, throughout North America, Europe and Asia. In 2018 the FUCHS Group accounted for EUR 2,567 million sales with staff of 5,446. FUCHS LUBRICANTS CO. (USA) generated sales of EUR 284 million with 420 employees. Mannheim, January 24, 2020 FUCHS PETROLUB SE The following information is available online: Important note
24.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 960921 |
End of News | DGAP News Service |
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960921 24.01.2020
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