Nye Lubricants, Inc. announced it has been acquired by FUCHS PETROLUB SE (XTRA:FPE3). Nye is a world leader in the formulation and application of high-performance proprietary synthetic lubricants and is known for its leading-edge technology and engineering expertise. FUCHS, headquartered in Germany, is the world’s largest independent lubricant manufacturer with vast global operations. This transaction is the successful culmination of an initiative led by Bigelow LLC.
Nye (www.nyelubricants.com), headquartered in Fairhaven, Massachusetts, traces its roots back to 1844 when it pioneered the whale oil lubricant market. Today, Nye has evolved as a leading formulator and manufacturer of high-performance synthetic lubricants for applications that demand superior ‘Lube-for-Life’ performance. Nye relies on its engineered materials expertise, vast technical experience, and significant lab and R&D capabilities to provide uniquely tailored solutions. Nye draws from its library of over 1,000 proprietary formulations to supply over 2,000 customers with customized greases, oils, and optical gels. These solutions solve a range of applications in demanding end-markets.
“Whether it is merely dampening grease or the highest tech specialty lubricants, customers have chosen Nye for product performance characteristics combined with the highest service levels. FUCHS appreciates our leadership position in the industry and by joining forces we will have tremendous resources and expertise to broaden our solutions for our ever-increasing global customer base.” George B. Mock, III, President & CEO Nye Lubricants, Inc.
Founded in 1931 as a family business in Mannheim, Germany, FUCHS (www.fuchs.com) develops, produces and distributes lubricants and related specialties. It has 58 operating companies with over 5,000 employees in more than 45 countries. The FUCHS product program comprises more than 10,000 products and related services in key categories such as automotive lubricants, industrial lubricants, lubricating greases, metal processing lubricants, and specialty application lubricants. With over 100,000 customers, FUCHS stands for performance and sustainability, for safety and reliability, for efficiency and cost savings.
“We are very excited to have Nye join the FUCHS Group. While FUCHS and Nye operate in the same industries, the Nye product offering allows us to capitalize on additional high value-added applications. This furthers FUCHS objective to be able to offer a full lubricant solution into our target markets.” Stefan Fuchs, Chairman of the Executive Board FUCHS PETROLUB SE
Originally established in 1935, Bigelow LLC (www.bigelowllc.com) is an independently owned M+A advisory boutique with a singular and passionate focus: Entrepreneur Owner-Managed businesses. Bigelow has a reputation for having a unique understanding of the special requirements of the owner-managed, entrepreneurial operating company in building, and ultimately capturing Enterprise Value.
