Fuchs Petrolub AG has acquired the worldwide food-grade lubricants business of Shell International Petroleum. Terms were not disclosed.
The acquisition takes effect on October 1. Fuchs will integrate Shells food-grade lubricants business into Fuchs Lubritech, its own lubricants specialty division based in Kaiserslautern, in southwest Germany. In 2009 Shell generated sales revenues of 21 million (U.S. 28 million) in its food-grade lubricant business.