FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard
With this acquisition, the FUCHS PETROLUB Group is strengthening its presence in Scandinavia and establishing itself as one of the leading lubricant companies in this region. At the same time, FUCHS is expanding its market position in Poland and Russia and will now be present in the Baltic States. The products from SFR Lubricants complement the portfolio of the FUCHS PETROLUB Group.
The transaction signed today is pending approval by antitrust authorities.
About SFR Lubricants
The lubricants business of Statoil Fuel & Retail was spun off from its downstream business last year and transitioned into independent companies. In the financial year 2014/2015, SFR Lubricants generated sales revenues of approximately EUR 140 million, around two thirds of which can be attributed to Scandinavia and one third to Eastern Europe. The company employs 470 people and maintains a production site in Nynäshamn near Stockholm.
FUCHS PETROLUB is a global Group based in Germany, which develops, produces and distributes around 10,000 lubricants and related specialties across the world. The Group, which was founded in 1931, with its headquarters in Mannheim, ranks number one among the world's independent lubricant providers. The Group has a workforce of more than 4,000 employees in a total of 52 operating companies worldwide. The most important markets for FUCHS in terms of sales revenues are Western Europe, Asia and North America.
Mannheim, August 1, 2015
FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim Germany
Tel: +49 621 3802-1104
This ad hoc announcement is also available on the internet at www.fuchs.com/group
This ad hoc announcement 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 ad hoc announcement and assumes no liability for such.