Fuchs Petrolub signed an agreement to acquire independent lubricant blender Nulon Products Australia, an expansion into the competitive retail market for automotive lubes down under. Terms were not disclosed.
Family-owned, 39-year-old Nulon manufactures lubricants, coolants and additives for the automotive aftermarket sector. Nulon-branded products generate sales revenue of about AU$40 million (U.S. $28 million) a year, according to a March 6 news release from Mannheim, Germany-based independent lubricants blender Fuchs Petrolub, which wholly owns Fuchs Australasia. Nulon products are sold through auto parts stores, including national retail chains such as Repco, and in 205-liter drums to vehicle service and fleet workshops.