FUCHS strengthens South American market with Peru joint venture

FUCHS Group, the world’s largest independent supplier of lubricants based in Mannheim, Germany, has bolstered its footprint in South America by forming a joint venture in Peru. Partnering with long-time collaborators Arnaldo and Flavio Rubini, shareholders of REMSAC, a FUCHS distributor, this strategic move establishes FUCHS PERU S.A.C. to strengthen the company’s presence in key sectors such as cement, mining, and food and beverage.

Under the agreement, REMSAC’s lubricants business and workforce, including its team of 12, have transitioned to the new company. FUCHS holds 60% ownership, with the Rubini brothers retaining the remaining 40%.

Moritz Kluger, appointed as managing director of FUCHS PERU, brings two years of experience as business development manager for FUCHS in South America. 

“The joint venture will enable us to increase our brand awareness and to offer added value to our customers by combining expertise and resources. Both will help us strengthen our position in key segments such as cement, mining and food and beverage,” said Kluger.

“With Peru becoming an increasingly important lubricants market in South America, an expansion of our footprint aligns to our goal of growing our reach in this region. The joint venture will allow us to strengthen customer relationships and respond more effectively to local market needs,” said Dr. Timo Reister, deputy chairman of the Executive Board at FUCHS and responsible for the North and South America region.

The joint venture will begin operations in January 2025.