FUCHS SE to acquire Swiss lubricant company STRUB & Co. AG

In a strategic move to expand its presence in the Swiss market, FUCHS SE, a global leader in the lubricants industry, has signed a letter of intent to acquire STRUB & Co. AG, a family-owned Swiss lubricant company. Founded in 1921, STRUB is known for its high-quality industrial lubricants and specialties, serving both domestic and international markets.

The acquisition, expected to be completed by the end of 2024, will grant FUCHS direct access to the Swiss market and consolidate its operations under one entity. STRUB, which employs 40 people and generated EUR15 million (USD16.5 million) in revenue in 2023, will also add a research and production facility in Switzerland to FUCHS’ global network.

This acquisition follows FUCHS’ purchase of the Swiss subsidiary of LUBCON Group in April, signalling the company’s growing interest in the region. The deal is driven by shared values, as both companies emphasise innovation and customised lubrication solutions.

FUCHS SE, which recorded EUR3.5 billion (USD3.8 billion) in revenue in 2023, aims to strengthen its position in Europe while continuing its mission to offer sustainable and efficient lubrication solutions across industries.