Klüber Lubrication acquires TRAXIT International
Specialist for lubricants and services for the wire industry becomes new division
Klüber Lubrication München SE & Co. KG based in Munich, Germany has acquired the TRAXIT International GmbH, Schwelm, Germany. The purchase agreement includes all assets of the company including the international subsidiaries. With this acquisition TRAXIT Group becomes a further division of the Klüber Lubrication Group.
TRAXIT provides the wire drawing industry with a complete range of lubricants to suit all types of wire for all applications for 139 years. From its early beginnings in the year 1881 in Schwelm, Germany, the company has grown to be one of the largest wire drawing lubricant producers in the world. TRAXIT runs manufacturing sites in Germany, China and USA. The lubricants are sold throughout the world. The company has subsidiaries, agents or representatives present in over 150 countries and employs some 150 people globally.
“We have been pursuing an active acquisition strategy for many years with a view to expanding the existing businesses by further value-added services. High-end products and services for the manufacturing of wires are a perfect addition to our existing portfolio of advanced specialty lubricants improving operational efficiency and protecting customer assets”, says Claus Langgartner, speaker of the board at Klüber Lubrication. With TRAXIT in its portfolio, Klüber Lubrication will enlarge its footprint in specialty lubricants and will develop it strategically. “The company will fit in very well at Klüber Lubrication as similar success factors and mechanisms to the markets of our existing businesses apply,” he adds.
“Much like Klüber Lubrication, TRAXIT has advanced the industry with performance-oriented products and quality services based on the unmatched scientific and application know-how,” says Sebastian Homborg, of the management board of TRAXIT.
Both companies are known for high quality innovative products, leading-edge technology and exceptional support and service.
“TRAXIT is on a continuous growth path since decades. This trend will accelerate together with Klüber Lubrication”, states Hartmut Schröder, also of the management Board of TRAXIT.
TRAXIT will continue to be responsible for the operative management of its businesses. The company’s headquarters will remain in Schwelm. The strategic leadership is oriented towards long-term growth.
TRAXIT provides the wire drawing industry with a complete range of lubricants to suit all types of wire for all applications for 139 years. From its early beginnings in 1881 in Schwelm, Germany, the company has grown to be one of the largest wire drawing lubricant producers in the world. The company runs manufacturing sites in Germany, China and USA. The lubricants are sold throughout the world. The company has subsidiaries, agents or representatives present in over 150 countries and employs some 150 people globally (www.traxit.com)
Klüber Lubrication is one of the world’s leading manufacturers of speciality lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide. Most products are developed and made to specific customer requirements. During its 90 years of existence, Klüber Lubrication has provided high-quality lubricants, thorough consultation and extensive services, which has earned it an excellent reputation in the market. The company holds all common industrial certifications and operates a testing section hardly rivalled in the lubricants industry.
Klüber Lubrication, set up as a retail company for mineral oil products in Munich in 1929, is today part of Freudenberg Chemical Specialities SE & Co. KG, a Business Group of the Freudenberg Group, Weinheim. Klüber Lubrication has about 2,000 employees in more than 30 countries.
For further information, contact: