The well-known German lubricant producer, Fuchs Petrolub SE, recently announced that it is to buy two sister South African lubricant companies, known as Lubrasa and Lubritene.
Lubrasa produces food-grade lubricants, while Lubritene is responsible for supplying greases and oils to Australian and South African mining firms.
Fuchs describes itself as the biggest independent manufacturer of lubricants in the world, with a range that includes engine oils, cycle lubricants, agricultural oils and greases. It has made its name with quality products such as Fuchs Ecocool Ultralife A, a semi-synthetic cutting fluid designed for general machining use.
The Mannheim-based company released a statement to the press in May, stating that its acquisitions would allow it to increase its role as a lubricant specialist and further its long-term goal of selling niche technology worldwide.
The two South African firms are thought to have combined sales of around £12m for the last financial year and Fuchs hopes they will bring a wider variety of mining industry products to its business, together with a greater range of products for food-grade applications.
Acquiring the firms should also help to expand the size of Fuchs’ customer base, as well as increasing the German company’s personnel numbers and bringing new product technologies to the firm.
Both Lubrasa and Lubritene currently have manufacturing plants based in South Africa’s Gauteng Province, and Fuchs has declared that it will either sell or close down these plants as soon as the newly acquired ventures’ operations have been fully incorporated into its existing set-up.