The FUCHS Group, which operates worldwide in the lubricants sector, has signed an agreement to acquire the internationally active LUBCON Group, primarily with the aim of jointly developing innovative, high-quality specialty lubricant solutions. The family-run German company, headquartered in Maintal, Hesse, has many years of experience and expertise in the development, production and sale of greases, oils and pastes. The FUCHS Group is thus strengthening its product portfolio of specialty lubricant solutions as well as its global competitiveness – subject to the final closing.

The LUBCON Group comprises 13 operating companies and five production sites in Germany, Poland, the Philippines, India and the USA. The company’s high-quality products are used in various industries such as the railroad, roller bearing, paper, textile, food, pharmaceutical and wind industries. “I am convinced that we can exploit the growth potential of the LUBCON Group even better globally with the help of the FUCHS network of 55 companies and 33 production plants. It was very important for us to find the right partner for this and we expect FUCHS to provide us with an optimal and future-proof development. As a specialist for lubricants, we not only share our professional orientation, but we are also united by our family character, which strengthens our common values,” says Heiko Engelke, Managing Partner of the LUBCON Group.

“We see the acquisition of the LUBCON Group as a great opportunity for our future development. The acquisition not only provides us with a team of highly qualified employees with extensive technological expertise, but also expands our product portfolio, particularly in the area of industrial lubricants and greases. This not only strengthens our existing key markets, but also enables us to penetrate new sales markets. We are certain that this strategic decision will further consolidate our position as a leading supplier in the industry,” says Stefan Fuchs, Chairman of the Executive Board of FUCHS SE.

The transaction is subject to the approval of the antitrust authorities. The parties expect the transaction to be completed in the third quarter of 2024. The LUBCON Group employs 211 people, 180 of whom work in EMEA, 20 in Asia-Pacific and 11 in the Americas. In the financial year 2023, the company generated sales revenues of around EUR 40 million.

The FUCHS Group employs 6,200 people and generated sales revenues of EUR 3.5 billion in the financial year 2023.