FUCHS ACQUIRES NULON
The Nulon brand will be retained and the products will continue to be manufactured locally
The Fuchs Group, which operates globally in the lubricants industry, has signed an agreement to acquire Nulon Products Australia Pty Ltd. Closing is expected at the beginning of the second quarter.
The addition is part of Fuchs Australasia’s expansion into the automotive retail sector and complements its existing Automotive, Mining, Industrial and OEM businesses.
The Nulon brand will be retained, and the products will continue to be manufactured locally.
“We are delighted that Nulon Products Australia is becoming part of Fuchs Australasia,” Fuchs Australasia Managing Director, Wayne Hoiles, said.
“This acquisition is a very strong fit for both Fuchs and Nulon.
“It is two family-run businesses coming together. Fuchs’ strong research and development capabilities will enhance the innovation platform that Nulon is best known for.
“Fuchs is looking forward to welcoming the Nulon team into the Fuchs family.”
The Fuchs Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs more than 5,000 people worldwide at 58 operating companies.
Nulon Products Australia Pty Ltd was founded in 1980 by Leon Simons and to this day has been run by Leon’s sons, Greg and John. Nulon now employs more than sixty people, and its products can be found in many leading auto accessory retail outlets across Australia and New Zealand.