Fuchs Petrolub : successfully completes the acquisition of Nye Lubricants Inc., a manufacturer of high-performance synthetic lubricants in the USA

The FUCHS Group, which is active worldwide in the lubricants sector, signed an agreement in October 2019 to acquire Nye Lubricants Inc.

The manufacturer from Fairhaven, Massachusetts, is a leader in the innovation, formulation and manufacture of synthetic lubricants.

The acquisition was completed today after receiving all required regulatory approvals. With this takeover, the FUCHS Group is expanding its product portfolio in the area of specialty lubricants. Novel technical options allow the operation of the most demanding applications across a wide range of market segments. The company will continue to operate from its Fairhaven, Massachusetts location.

Nye employs 180 people and had sales of USD 51 million (approximately EUR 46 million) in North America, Europe and Asia in fiscal 2018.

In 2018, the FUCHS Group generated sales of EUR 2,567 million with 5,446 employees. FUCHS LUBRICANTS CO. (USA) achieved sales of EUR 284 million with 420 employees.

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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 application areas. The company, which was founded in Mannheim in 1931, employs around 5,500 people worldwide in 58 operating companies. 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 based on assumptions and estimates made by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are correct, future actual developments and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors may include changes in the overall economic situation, procurement prices, exchange rates and interest rates, as well as changes within the lubricant industry. FUCHS PETROLUB SE assumes no guarantee and no liability for

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