The Fuchs Group acquired American synthetic lubricants blender Nye Lubricants Inc., the companies announced on Monday, expanding Fuchs’ specialty lubricants product portfolio.
Fairhaven, Massachusetts-based Nye Lubricants generated U.S. $51 million in global sales in its fiscal year 2018, according to the company. It manufactures synthetic lubes for a number of industries including aerospace, automobile manufacturing and food and beverage processing, as well as several types of greases- such as damping, electrically conductive, food grade and radiation resistant varieties. Nye was founded in 1844, and currently employs 180 people.
Get alerts when new Sustainability Blog articles are available.