Fuchs acquires 50% stakes in three Sub-Saharan distributors

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Africa: German-based lubricants supplier Fuchs has taken over direct ownership of 50% of three distribution subsidiaries of its regional subsidiary Fuchs Southern Africa. The companies are based in Zambia, Zimbabwe and Mozambique. The acquisitions will support Fuchs’ aim of increasing its supply to African markets, according to Fuchs executive board chairman Stefan Fuchs. "Investment in a state of the art, fully automated grease manufacturing plant which opened in Isando, Johannesburg, in 2018” signifies the company’s commitment to sustainable social development of the continent, said Fuchs, adding, “Further plant expansions are already being planned.”

Last modified on 18 December 2019

URL: https://globalcement.com/news/item/10228-fuchs-acquires-50-stakes-in-three-sub-saharan-distributors

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