Fuchs to Acquire Lubcon


Fuchs to Acquire Lubcon
A close-up view of landing gear under a large jet plane. Lubcon Group's products include lubricants for landing gear components, such as gears, guides and latches. © ThomasLENNE / shutterstock.com

Fuchs Group announced yesterday an agreement to acquire Germany-based Lubcon Group, primarily with the aim of jointly innovating and advancing high-quality specialty lubrication solutions, especially industrial lubricants and greases.

The cost was not disclosed.

The Lubcon Group is comprised of 13 operating companies, as well as five production locations in Germany, Poland, the Philippines, India, and the United States. The company’s products are used in various sectors, including the railway, roller bearings, paper, textiles, food, pharmaceutical and wind industries. The family-run company operates out of Maintal in Hessen, Germany. Lubcon Group has many years of experience and expertise in the development, manufacture, sale and distribution of greases, oils and pastes.

Stefan Fuchs, chairman of the executive board at Fuchs SE, said the company sees a great opportunity for future development through the acquisition of Lubcon Group. “We’re not only gaining a team of highly qualified employees with extensive technological expertise, but also extending our own product portfolio, particularly in the field of industrial lubricants and greases,” he said in a news release. “This not only strengthens our key markets but also enables us to penetrate new sales markets.”

Heiko Engelke, managing partner of the Lubcon Group, said he was confident the company could tap in its own growth potential even more effectively on a global scale with the Fuchs network of 55 companies and 33 production facilities. “We considered it extremely important to find the right partner for this and are looking forward to growing with FUCHS and safeguarding our future,” Engelke said. “As lubricant specialists, we not only operate in the same field, but are also both family-run enterprises, which strengthens our common values.”

The transaction is still pending approval from the cartel authorities, and the parties anticipate closing the deal in the third quarter of this year. Lubcon Group employs 211 staff members, with 180 in Europe, Middle East and Africa, 20 in Asia-Pacific and 11 in the Americas. The company posted sales revenue of around €40 million in financial year 2023.