FUCHS successfully completes the acquisition of Nye Lubricants Inc., a high-performance specialty synthetic lubricant manufacturer in the US

The FUCHS Group, which operates globally in the lubricants industry, signed an agreement to acquire Nye Lubricants Inc. in October 2019. The Fairhaven, Massachusetts, manufacturer is a leader in the innovation, formulation and manufacturing of synthetic lubricants.

After having received all the required regulatory approvals, the acquisition was closed today. With this acquisition the FUCHS Group further expands its specialty lubricants product portfolio, offering engineered solutions across multiple markets while creating opportunities to serve new high-end, critical applications. The business will continue to be operated out of its Fairhaven, Massachusetts, location.

Nye employs 180 people and generated USD 51 million (approx. EUR 46 million) in sales in its fiscal year 2018, throughout North America, Europe and Asia.

In 2018 the FUCHS Group accounted for EUR 2,567 million sales with staff of 5,446. FUCHS LUBRICANTS CO. (USA) generated sales of EUR 284 million with 420 employees.

Mannheim, January 24, 2020

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim