FX.co ★ Fuchs Acquires German Boss Lubricants, Aims To Expand Specialty Growth Plans

Fuchs SE (FUPBY), a leading German producer of lubricants and specialty products, announced on Friday its acquisition of Boss Lubricants GmbH & Co. KG. This strategic move is part of the FUCHS Group's strategy to enhance its specialty business sector and explore new avenues for international expansion. According to Fuchs, this acquisition presents a significant opportunity for future growth and development. Boss Lubricants will continue to operate from its existing site, maintaining its current leadership under the direction of owner and managing director Rainer Gunsch-Boss. As of Thursday, FUPBY's stock had closed at $10.77.