FUCHS SE Signs Letter of Intent to Acquire Swiss Company STRUB & Co. AG

FUCHS SE, a global player in the lubricants industry, has announced the signing of a letter of intent to acquire Swiss lubricant company STRUB & Co. AG. Founded in 1921, STRUB & Co. AG is a family-run business based in Reiden, Switzerland, specializing in industrial lubricants and operating both locally and internationally.

This strategic acquisition will provide FUCHS with direct market access to Switzerland and integrate all existing Swiss business activities, including those from the Swiss subsidiary of LUBCON Group acquired earlier this year. The acquisition will also give FUCHS a research and production facility in Switzerland.

FUCHS emphasized the alignment of interests and approaches between the two companies, both of which prioritize innovation and customized solutions. STRUB & Co. AG employs 40 people and achieved sales revenues of EUR 15 million in 2023. FUCHS expects the transaction to be completed by the end of 2024.