The globally active lubrication specialist FUCHS PETROLUB SE in Mannheim, Germany, has acquired the lubricants business of the BATOYLE FREEDOM Group in UK and will integrate it into their subsidiary FUCHS LUBRICANTS (UK).
The companies BATOYLE and FREEDOM recorded combined sales of EUR 15 million in their financial year 2013/2014. The acquisition was primarily made to obtain access to product technology, customer base and personnel. It is proposed that following a transition period, manufacturing will be integrated into FUCHS´ plant in Hanley.
The BATOYLE FREEDOM product range complements the lubricants portfolio of FUCHS’ automotive and industrial business. Through the acquisition FUCHS will also extend its product portfolio for the glass industry where BATOYLE is internationally successful.
With this transaction FUCHS is further expanding its specialisation on lubricants and strengthens its UK market presence at the same time.
In 2013, the FUCHS PETROLUB Group accounted for EUR 1.8 billion sales with staff of 3,888. FUCHS LUBRICANTS (UK) made EUR 151 million sales with 291 employees.