The FUCHS Group, which operates worldwide in the lubricants sector, has acquired PolySi Technologies Incorporated, an innovative, leading company in the field of formulation and manufacture of silicone lubricants based in Sanford, North Carolina (USA).
The FUCHS Group is thus expanding its portfolio of specialty lubricants, which includes tailor-made solutions for various markets, and at the same time creates new opportunities to serve many demanding applications.
'At PolySi, we have been working closely with our customers for 25 years to develop top-quality products that can meet any lubrication challenge. Customers from many different branches of industry benefit from our advisory approach to the formulation of greases, such as automotive and electrical , the installation or the medical industry. Under the FUCHS umbrella, we will be able to further expand the sales range of our products thanks to the FUCHS sales and dealer network, 'said Chuck Leuth, President of PolySi.
'With the help of PolySi, we can position our product and packaging offerings in markets in which silicone technology is used. PolySi's core competencies lie in the development of technologically advanced products and their advice-based sales approach - an ideal complement to our value proposition to our customers of delivering holistic lubricant solutions ', adds Keith Brewer, President and CEO of FUCHS LUBRICANTS CO., USA.
PolySi employs 21 people and achieved sales of USD 9 million (around EUR 7.6 million) in fiscal year 2019, primarily in North America.
In 2019 the FUCHS Group achieved sales of EUR 2,572 million and employed 5,627 people. FUCHS LUBRICANTS CO. (USA) achieved sales of EUR 294 million and employed 478 people.
Contact:
Tel: +49 621 3802-1207
Email: nina.consagra@fuchs.com
Web: www.fuchs.com/gruppe
About FUCHS
The FUCHS Group develops, produces and sells high-quality lubricants and related specialties for almost all industries and areas of application. The company, which was founded in Mannheim in 1931, employs almost 6,000 people in 62 operational companies worldwide. FUCHS is the world's largest provider of independent lubricant manufacturers. The most important markets in terms of sales are Western Europe, Asia and North America.
Important NOTE
This press release contains forward-looking statements that are based on assumptions and estimates made by the management of FUCHS PETROLUB SE. Even if the company management is of the opinion that these assumptions and estimates are correct, the actual future development and the actual future results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can include changes in the overall economic situation, procurement prices, exchange rates and interest rates, and changes in the lubricants industry. FUCHS PETROLUB SE assumes no guarantee and no liability for
FUCHS PETROLUB SE 
