EQS-News: FUCHS further intensifies activities in South America and takes over 100% of FUCHS LUBRICANTS SpA in Chile

EQS-News: FUCHS SE / Key word(s): Acquisition FUCHS further intensifies activities in South America and takes over 100% of FUCHS LUBRICANTS SpA in Chile 04.09.2023 / 10:09 CET/CEST The issuer is solely responsible for the content of this announcement. FUCHS further intensifies activities in South America and takes over 100% of FUCHS LUBRICANTS SpA in Chile The FUCHS Group, which operates globally in the lubricants industry, expands its presence in South America with the full acquisition of FUCHS LUBRICANTS SpA in Chile. On September 1, 2023, the joint venture seamlessly transitioned into a wholly owned subsidiary of the FUCHS Group. FUCHS LUBRICANTS SpA was founded in 2018 when FUCHS acquired the lubricants business of Comercial Pacific Ltda. in Chile and integrated it into the newly founded company – with FUCHS holding 65% of the shares at that time and Comercial Pacific Ltda. the remaining 35%. “We thank our joint venture partner Andre Boeck and the team of Comercial Pacific for our successful time together. With Chile being an important lubricant market in South America, this transaction is another milestone on our journey to further strengthen our business activities in the Southern part of the Americas,” states Dr. Timo Reister, Member of the Executive Board at FUCHS and responsible for the North and South America region. Yasser Majluf, Managing Director of FUCHS Lubricants SpA in Chile, adds: “The Chilean lubricant market offers significant potential for FUCHS. We see a strong trend towards high performance lubricants. With our growing local FUCHS team in Chile, we are happy to support our expanding customer base in segments like mining, food, wind power and automotive.” Mannheim, September 4, 2023 FUCHS SE Public Relations Einsteinstrasse 11 68169 Mannheim Tel: [phone] E-mail: [e-mail]   The following information can be accessed via the Internet: Press release 2018: “FUCHS strengthens presence in South America with the acquisition of the lubricants business from Comercial Pacific Ltda., Chile“  Image and video material: https://www.fuchs.com/gb-en/photo-gallery/  About FUCHS Founded in 1931 as a family business in Mannheim, FUCHS is now the world's largest independent supplier of innovative lubrication solutions, covering almost every industry and application. Today, the company's 6,000 employees in over 50 countries still share the same goal: to keep the world moving both sustainably and efficiently. To live up to this claim, we think in terms of perfection, not merely standards. When developing individual solutions, we enter into an intensive customer dialogue – acting as an experienced consultant, innovative problem solver and reliable team partner. 04.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	FUCHS SE
	Einsteinstraße 11
	68169 Mannheim
	Germany
Phone:	+49 (0)621 / 3802-0
Fax:	+49 (0)621 / 3802-7190
E-mail:	[e-mail]
Internet:	www.fuchs.com/gruppe
ISIN:	DE000A3E5D64, DE000A3E5D56
WKN:	A3E5D6, A3E5D5
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID:	1718155

End of News	EQS News Service

1718155  04.09.2023 CET/CEST