FUCHS acquires manufacturer for high-performance specialty lubricants

EQS-News: FUCHS SE / Key word(s): Acquisition
FUCHS acquires manufacturer for high-performance specialty lubricants (news
with additional features)

22.04.2024 / 16:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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The FUCHS Group, which operates globally in the lubricants industry, has
signed an agreement to acquire the international LUBCON Group, primarily
with the aim of jointly innovating and advancing high-quality specialty
lubrication solutions. The family-run German company that operates out of
Maintal in Hessen, Germany has many years of experience and expertise in the
development, manufacture, sale and distribution of greases, oils, and
pastes. Accordingly, this step will help the FUCHS Group strengthen its
product portfolio for specialty lubrication solutions, as well as boosting
its global competitiveness - subject to the closing of the deal.

The LUBCON Group comprises 13 operating companies, as well as five
production locations in Germany, Poland, the Philippines, India, and the US.
The company's high-quality products are used in various sectors, including
the railway, roller bearings, paper, textiles, food, pharmaceutical and wind
industries.

'I feel confident that we can tap the growth potential of the LUBCON Group
even more effectively on a global scale with the FUCHS network of 55
companies and 33 production facilities. We considered it extremely important
to find the right partner for this and are looking forward to growing with
FUCHS and safeguarding our future. As lubricant specialists, we not only
operate in the same field, but are also both family-run enterprises, which
strengthens our common values,' comments Heiko Engelke, Managing Partner of
the LUBCON Group.

'With the acquisition of the LUBCON Group, we see a great opportunity for
our future development. We're not only gaining a team of highly qualified
employees with extensive technological expertise, but also extending our own
product portfolio, particularly in the field of industrial lubricants and
greases. This not only strengthens our existing key markets but also enables
us to penetrate new sales markets. We feel certain that this strategic
decision will further reinforce our position as leading supplier in the
industry,' comments Stefan Fuchs, Chairman of the Executive Board at FUCHS
SE.

The transaction is still pending approval from the cartel authorities.
However, the parties anticipate closing the deal in the third quarter of
2024.

The LUBCON Group employs 211 staff members, with 180 in EMEA, 20 in
Asia-Pacific, and 11 in the Americas. The company recorded sales revenue of
around EUR 40 million in the financial year 2023.

The FUCHS Group has a workforce of 6,200 employees and generated sales
revenue of EUR 3.5 billion in the financial year 2023.

Mannheim, April 22, 2024

FUCHS SE
Public Relations
Einsteinstraße 11
68169 Mannheim
Telefon +49 621 3802-1104
E-Mail: tina.vogel@fuchs.com

The following information can be accessed via the Internet:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
Founded in 1931 as a family business in Mannheim, FUCHS is now the world's
largest independent supplier of innovative lubrication solutions, covering
almost every industry and application. Today, the company's 6,200 employees
in over 50 countries still share the same goal: to keep the world moving
both sustainably and efficiently. To live up to this claim, we think in
terms of perfection, not merely standards. When developing individual
solutions, we enter into an intensive customer dialogue - acting as an
experienced consultant, innovative problem solver and reliable team partner.
In 2023, the high-tech company generated revenue of EUR 3.5 billion with 33
production sites and 55 operating companies.


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Additional features:

File: https://eqs-cockpit.com/c/fncls.ssp?u=ad03db9233ca14b544f9af33dd1ce100
File description: (from left) Stefan Fuchs, Heiko Engelke (LUBCON), Hedy
Engelke (LUBCON), Dr. Ralph Rheinboldt

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22.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
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Archive at www.eqs-news.com

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   Language:       English
   Company:        FUCHS SE
                   Einsteinstraße 11
                   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:           DE000A3E5D64, DE000A3E5D56
   WKN:            A3E5D6, A3E5D5
   Indices:        MDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Stuttgart; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Hamburg, Munich, Tradegate Exchange
   EQS News ID:    1885273

End of News EQS News Service
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1885273 22.04.2024 CET/CEST