FUCHS PETROLUB SE, which operates globally in the lubricants sector, is acquiring Sweden-based company Statoil Fuel & Retail Lubricants AB (SFR Lubricants), Stockholm, from Couche-Tard Luxembourg S.A.R.L., a wholly owned indirect subsidiary of Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B).
SFR Lubricants is one of the leading lubricant providers in Scandinavia and also operates in Poland, Russia and the Baltic States. As a manufacturer of automotive and industrial lubricants and specialties, SFR Lubricants is a well-known provider to many industries.
With this acquisition, the FUCHS PETROLUB Group is strengthening its presence in Scandinavia and establishing itself as one of the leading lubricant companies in this region. At the same time, FUCHS is expanding its market position in Poland and Russia and will now be present in the Baltic States. The products from SFR Lubricants complement the portfolio of the FUCHS PETROLUB Group.
The transaction signed today is pending approval by antitrust authorities.