Fuchs Petrolub AG (FUPEF.PK) said that with effect from January 2, 2012 OPET-FUCHS has acquired the automotive lubricants business from OPET.
At the start of 2005, FUCHS PETROLUB founded together with its Turkish partner OPET the 50:50 joint venture OPET-FUCHS.
The joint venture also took over all 176 employees of this division as well as the lubricant blending plant in Izmir. This acquisition means that all lubricant activities of the partners operating in Turkey are now incorporated within the joint venture.
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