Lubricants

FUCHS acquires lubricants business of trading partner in Romania

FUCHS acquires lubricants business of trading partner in Romania
Photo courtesy of Fuchs.

Germany’s FUCHS Group, the largest independent lubricant manufacturer in the world, has acquired the lubricants business of LUBASYST, a long-standing trading partner of FUCHS in Romania.

The acquisition, which takes effect December 1, 2017, includes its customer base and workforce. LUBASYST generated EUR 4 million (USD 4.67 million) in sales revenues last year. LUBASYST’s business will supplement FUCHS’ existing business in Romania and will be combined under a new subsidiary, FUCHS Romania.

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