22/01/2025 by OilStoreAdministrator
Global lubricant operator Fuchs has announced that it has purchased Boss Lubricants GmbH & Co. KG of Albstadt, Baden-Württemberg.
Among other things, Boss specialises in providing lubricants for safety technology, medical technology, mechanical engineering and metalworking. This family-run company has mostly focused on the domestic German market in the past. Becoming part of the Fuchs Group should allow it to scale its offerings into international markets.
Rainer Gunsch-Boss, the current owner, will continue to lead the company at its current location as managing director while benefitting from Fuchs’ global reach.
Acquiring Boss Lubricants represents an opportunity for Fuchs to extend its presence into some of the few areas where it hasn’t already established one. Fuchs’ CEO, Stefan Fuchs, said that while the company already had a range of products for mechanical engineering and metalworking, the acquisition would build upon its range of specialty lubrication solutions. He said the company would benefit from incorporating the highly skilled employees at Boss, adding:
“…we are particularly looking forward to the addition of further expertise in the future markets of medical and safety technology. Fuchs can serve the associated growth potential with its global network of 33 production sites and 55 operating companies, offering its customers worldwide even greater added value.”
In the 2023 fiscal year, Fuchs sold over €3 billion in products and employed over 6,000 people. Since being founded as a family company in 1931, it has gone on to become the world’s biggest independent provider of lubricant solutions for a diverse range of applications and industries.
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