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People & Business :: M&A

Fuchs Petrolub Buys Turkish Auto Lubes Business, Builds Blending Plant

1:36 PM MST | January 17, 2012 | Natasha Alperowicz

Fuchs Petrolub (Mannheim, Germany) announced that its 50%-owned Turkish joint venture Opet-Fuchs has acquired the automotive lubricants business from Opet, including all 176 employees of the division as well as the lubricant blending plant at Izmir, Turkey. Opet-Fuchs, meanwhile plans to begin construction of a new lubricant blending plant near Izmir during this year. The facility will have capacity for 50,000 m.t./year and it will replace the existing unit.  Fuchst Petrolub and its Turkish partner Opet established their equally owned Opet-Fuchs jv, a...

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