The world’s largest independent lubricant maker, Fuchs SE, has confirmed it will take over Aseol Suisse AG, its longstanding distribution partner in Switzerland. The acquisition is expected to further expand the presence of Fuchs in the lubricant market.
A global operator trading in over 50 different countries, the Fuchs Group has stated that over the following months, Aseol Suisse AG will be merged with Fuchs Swiss Lubricants AG, the family-owned business’ existing subsidiary.
Last year, Fuchs acquired the Swiss lubricant specialist Strub & Co. AG and the Switzerland-based subsidiary of the LUBCON Group. In June this year, it merged their business activities to form Fuchs Swiss Lubricants. To date, the company has a staff of about 40 people and produces products and solutions for the metalworking industry, along with other sector segments like the pharmaceutical, semiconductor and medical technology industries.
The company’s headquarters, along with its production and development site, are situated in Reiden in the Swiss city of Lucerne.
Managing Director for Fuchs Swiss Lubricants, Dr Mario Gehrlein, commented that the takeover of the highly competent industrial lubricants expert will let Fuchs assemble all its business activities in Switzerland beneath one roof, strengthening its proximity to its customers. He added that the plans for integrating Fuchs’ largest and long-standing sales partner in Switzerland with Fuchs Swiss Lubricants AG would help the company create a more uniform presence in the market. This will also allow it to offer its partners and customers a more comprehensive portfolio of products and services for several sectors from one source.
Ownership was officially transferred to Fuchs on October 7.
