Peter R. Worrell, author of Enterprise Value: How the Best Owners-Managers Build Their Fortune, Capture Their Company’s Gains, and Create…
The Mock’s extended family has owned Nye Lubricants (founded 1844) for three generations. After their realization five-plus years ago that the family’s ownership structure and limited access to capital was possibly holding back the Company’s global growth, they decided to acquire a new majority owner. Led by President George Mock, the Mock’s and their team thoughtfully executed on a multi-year plan to prepare the Company. In January of 2020, they successfully completed a transaction where Nye was acquired by Fuchs Petrolab SE (Mannheim, Germany).
George and Carrie Mock generously spend an hour or so with Pete, thinking aloud about the challenges of governing a family business, the work-life balance that accompanies that, the insights about the Company and industry that led to the decision to find Fuchs, and a few glimpses of what might be in the next chapter.
Listen to the interview here: