Fuchs SE news

FUCHS merges ASEOL with its Swiss subsidiary to enhance market reach, streamline operations, and offer a comprehensive product portfolio across various industries.

Stefan Fuchs' CEO contract extended to 2029. Supervisory Board confident in his leadership for sustainable future. Other board members' contracts run until 2028.

The acquisition secures Swiss market access, retains STRUB's brand and management, and adds a research and production plant. STRUB employs 40, with EUR 15M sales in 2023.

The new plant in Kaiserslautern produces 20,000 tons of electrolytes annually for batteries, enhancing sustainability and efficiency. The project is backed by the German Environmental Innovation Programme.

The acquisition will provide market access and a research plant in Switzerland. Both companies share a focus on innovation and customized solutions. Completion is expected by end of 2024.

The pilot plant will start in October 2022, producing high-quality battery electrolytes. A larger facility will follow by end of 2023, enhancing Europe's battery supply chain and reducing dependency.

FUCHS acquires two properties, expanding its Mannheim site by 25%. Plans include a new office building and logistics center with an automated warehouse, aiming for long-term growth.