FUCHS SE Expands with Acquisition of LUBCON Group

The FUCHS Group has announced its agreement to acquire LUBCON Group, a notable player in the industry of high-performance specialty lubricants. Based in Maintal, Hessen, Germany, LUBCON brings a strong portfolio of greases, oils, and pastes and operates through 13 companies globally. This acquisition aims to enhance FUCHS' product offerings and competitive edge in the market, pending deal closure.

LUBCON's products serve diverse industries such as railway, roller bearings, and pharmaceuticals among others. With the integration into FUCHS' network, which comprises 55 companies and 33 production sites, the merger is expected to harness synergies and innovation opportunities. Heiko Engelke of LUBCON highlighted the shared family-run heritage and core values with FUCHS, envisioning a robust growth trajectory ahead.

Stefan Fuchs of FUCHS SE articulated the strategic benefits of the acquisition, noting the expansion in industrial lubricants and greases, which will bolster their market presence and open new avenues for revenue streams. The deal is set to conclude in the third quarter of 2024, subject to regulatory approval.