- FUCHS will gain market access and a research plant in Switzerland.
- The acquisition is expected to complete by the end of 2024.
- STRUB & Co. AG employs 40 people and had EUR 15 million in sales in 2023.
- FUCHS Group had EUR 3.5 billion in sales and 6,200 employees in 2023.
Acquisition Overview
The FUCHS Group, a global player in the lubricants industry, has signed a letter of intent to acquire STRUB & Co. AG, a Swiss company founded in 1921. This strategic acquisition aims to enhance FUCHS' market presence in Switzerland and consolidate its business activities in the region, including the Swiss subsidiary of the LUBCON Group acquired earlier this year.
Strategic Benefits
With this acquisition, FUCHS will gain direct market access and a research and production plant in Switzerland. The alignment in innovation and customer-focused approaches between the two companies is a key factor driving this acquisition. Both companies emphasize the development of customized products and excellent service.
Timeline and Financials
The transaction is expected to be completed by the end of 2024. STRUB & Co. AG employs 40 people and generated sales revenues of around EUR 15 million in 2023. In the same financial year, the FUCHS Group employed 6,200 people and generated sales revenues of EUR 3.5 billion.
