FUCHS SE
FUCHS acquires high-performance silicone lubricant manufacturer in the US
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Acquisition
FUCHS acquires high-performance silicone lubricant manufacturer in the US “For 25 years, PolySi’s mission has been to work closely with our customers to develop leading edge products to solve any lubrication challenge. Our consultative approach to grease formulation has offered value to our customers in many industries, including automotive, electrical, plumbing and medical. Integrating with FUCHS will serve to further the reach of our products to the market through the FUCHS sales and distribution networks,” says Chuck Leuth, President of PolySi. PolySi employs 21 people and generated USD 9 million (approx. EUR 7.6 million) in sales in its fiscal year 2019, mainly in North America. In 2019, the FUCHS Group accounted for EUR 2.572 billion sales with staff of 5,627. FUCHS LUBRICANTS CO. (USA) generated sales of EUR 294 million with 478 employees. Mannheim, November 2, 2020 FUCHS PETROLUB SE The following information is available online: Important note
02.11.2020 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: | ir@fuchs.com |
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: | 1144784 |
End of News | DGAP News Service |