FUCHS PETROLUB SE announced last Saturday that it is acquiring Sweden-based company Statoil Fuel & Retail Lubricants AB (SFR Lubricants), Stockholm, from Couche-Tard Luxembourg S.A.R.L., a wholly owned indirect subsidiary of Alimentation Couche-Tard Inc. SFR Lubricants is one of the leading lubricant providers in Scandinavia and also operates in Poland, Russia and the Baltic States.

As a manufacturer of automotive and industrial lubricants and specialties, SFR Lubricants is a well-known provider to many industries.

With this acquisition, the FUCHS PETROLUB Group is strengthening its presence in Scandinavia and establishing itself as one of the leading lubricant companies in this region. At the same time, FUCHS is expanding its market position in Poland and Russia and will now be present in the Baltic States. The products from SFR Lubricants complement the portfolio of the FUCHS PETROLUB Group.

The deal, which is subject to standard regulatory approvals and closing conditions, is expected to be completed before the end of 2015. The parties to the deal have agreed not to disclose the purchase price at this time.

The lubricants business of Statoil Fuel & Retail was spun off from its downstream business last year and transitioned into independent companies. In the financial year 2014/2015, SFR Lubricants generated sales revenues of approximately EUR 140 million, around two thirds of which can be attributed to Scandinavia and one third to Eastern Europe. The company employs 470 people and maintains a production site in Nynäshamn near Stockholm.

FUCHS PETROLUB Group, which was founded in 1931, with its headquarters in Mannheim, ranks number one among the world's independent lubricant providers. The Group has a workforce of more than 4,000 employees in a total of 52 operating companies worldwide. The most important markets for FUCHS in terms of sales revenues are Western Europe, Asia and North America.