Fuchs has bought Batoyle Freedom Group (BFG while Pertamina Lubricants is set to acquire Amaco.
German-based Fuchs has acquired UK-independent BFG which operates in the glass, automotive and industrial sectors. Initially continuing its business from its Huddersfield site, BFG may eventually transfer to Fuchs' Stoke on Trent plant.
Richard Halhead, Fuchs UK Managing Director stated: “This acquisition strengthens the position of our UK business in all sectors. In particular it enables the Glass technology, for which BFG is world renowned, to be developed through the FUCHS’ Global footprint.”
Pertamina Headquarters Image: Pertamina |
Meanwhile Pertamina Lubricants' purchase of Amaco is expected to be completed by the end of the year. This acquisition will be the first for Pertamina Lubricants and will allow the company to access market opportunities in Thailand.
Amaco Production, one of Thailand's leading lubricants producers, owns a blending plant with the capacity to produce 45,000 metric tons of lubricants products per annum.
Acquisitions are helping Pertamina establish a local presence, according to Andria Nusa, Yogyakarta’s director of operations for Pertamina Lubricants. “We have been looking and sizing up several mid-sized lubricant producers in China.”