FUCHS acquires White Oils and Food Machinery Lubricants Business from Chevron
Global lubrication specialist FUCHS PETROLUB is expanding by taking over the worldwide white oils and food machinery specialty lubricants business of Chevron. The business will be integrated into FUCHS LUBRICANTS CO. (USA). The Chevron business had sales of EUR 11 million in 2015, approximately 85% of which are in North America.
"Food Grade customers require support in the areas of Food Safety, Preventative Maintenance and Lubricant Technology. FUCHS has developed a successful program around the CASSIDA brand and complementary services," said Steve Puffpaff, CEO of FUCHS LUBRICANTS COMPANY. "The acquisition and new marketer partnerships will significantly improve the scale for support for Food Grade Lubricant customers."
"We believe this change will benefit our customers and marketers as FUCHS is a leader in these specialty segments and can meet their needs with an expanded food machinery product line," said Brian Stripling, General Manager Brand, Technology & Original Equipment Manufacturer (OEM), Chevron Products Company, a division of Chevron U.S.A. Inc. "Chevron values our customer relationships and we are committed to a smooth and seamless transition to FUCHS."
The parties expect the transaction will be effective June 1, 2016.
In 2015, the FUCHS Group accounted for EUR 2.1 billion sales with staff of 4,823. FUCHS LUBRICANTS CO. (USA) made EUR 263 million sales with 349 employees.
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Topic world Food safety
Food safety is at the heart of the food and beverage industry. It ensures that the food we eat every day is not only nutritious, but also free of harmful contaminants. From field to plate, the industry monitors and regulates every step of the process with strict quality controls, advanced testing methods and continuous research.
Topic world Food safety
Food safety is at the heart of the food and beverage industry. It ensures that the food we eat every day is not only nutritious, but also free of harmful contaminants. From field to plate, the industry monitors and regulates every step of the process with strict quality controls, advanced testing methods and continuous research.
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