1 mins
FUCHS acquires Boss Lubricants
F
UCHS Group has acquired the German lubricants company Boss Lubricants GmbH & Co. KG. This familyrun company that is based in Germany develops, produces and distributes lubricants that are used in medical and safety technology, metalworking and mechanical engineering, among other things. With this acquisition, the FUCHS Group aims to complement its existing specialty business and create new, internationally scalable growth opportunities.
From left to right: Dr Ralph Rheinboldt, Member of the Board of Directors, Fuchs SE; Rainer Gunsch-Boss, former Owner and Managing Director; Tanja Boss, Head of Sales; Susanne Heirich, Managing Director, Fuchs Lubricants Germany Sales & Marketing.
SOURCE | FUCHS SE
Boss Lubricants, with its development and production site in Albstadt, Germany has so far focused primarily on the German market with a small export share. The company will continue to operate from this site. From FUCHS’ point of view, the acquisition of Boss Lubricants represents a great opportunity for future development. “Not only are we gaining a team of highly qualified employees with specific know-how in niche areas, but we are also expanding our product portfolio of specialty lubrication solutions,” said Stefan Fuchs, CEO of FUCHS SE. “While metalworking and mechanical engineering are among our long-established areas of expertise, we are particularly looking forward to the addition of further expertise in the future markets of medical and safety technology.”
Established in 2003, Boss Lubricants employs 20 people and generated sales of approximately EUR 7 million in the 2023 fiscal year. This expansion comes in the backdrop of FUCHS growing its footprint across the globe by expanding its lubricants production in South Africa and forming a joint venture to grow its business in South America among other investments. Since its inception in 1931, FUCHS has operations in 55 countries with over 6,200 employees and 33 production sites. .