- STRUB & Co. AG, founded in 1921, specializes in industrial lubricants.
- Diana and Marcel Strub remain in management; Dr. Mario Gehrlein becomes CEO.
- STRUB generated 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 completed the acquisition of STRUB & Co. AG. This strategic move enhances FUCHS' market presence in Switzerland, providing direct access to the Swiss market. STRUB, a family-run business established in 1921 and based in Reiden, Switzerland, is known for developing, producing, and distributing industrial lubricants and specialty products, both locally and internationally.
Operational Continuity
Post-acquisition, STRUB will continue to operate under its established brand name. The management team will retain Diana and Marcel Strub, ensuring continuity in leadership. Dr. Mario Gehrlein, previously a management board member at E-Lyte Innovations GmbH, will take on the role of CEO for STRUB. E-Lyte Innovations GmbH is a company in which FUCHS holds a stake, indicating a strategic alignment in leadership and business operations.
Financial and Workforce Details
In the financial year 2023, STRUB & Co. AG employed 40 people and achieved sales of approximately EUR 15 million. This acquisition is a part of FUCHS' broader strategy to consolidate its business activities in Switzerland and expand its operational capabilities with the addition of a research and production facility.
FUCHS Group Performance
For the same financial year, the FUCHS Group reported employing 6,200 individuals and generating sales of EUR 3.5 billion. This acquisition is expected to further strengthen FUCHS' market position and operational efficiency in the lubricants sector.
