With this acquisition, FUCHS Group expands its service portfolio in the industrial lubricant market and will deploy its processes where applicable throughout its other global divisions. The business will operate as a separate CPM division of FUCHS' North American industrial business."Today's larger sophisticated customers are looking for an integrated partnership with their lubricant supplier inclusive of a service offering complimenting a fluid solution to their challenges. FUCHS offers many CPM programmes throughout Europe and China. We will use Zimmark's Technical Process Management (Z-TPM), focusing on rigorous control plans, as a nucleus to grow the service component of the business in the United States," says Keith Brewer, president and CEO of FUCHS Lubricants Co, USA.
"The acquisition, and especially the Zimmark team, will significantly enlarge our service offering capability to existing business along with offering value-added services to new customers using FUCHS' marketplace presence."The transaction is effective 1 November 2019.
Zimmark employs 60 people and generated $4.45mn in sales in its fiscal year 2018, all of that in North America.In 2018 the FUCHS Group accounted for $2855mn sales with staff of 5,446. FUCHS Lubricants Co, USA, made $315.83mn sales with 420 employees.
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