Manchester business law firm Turner Parkinson LLP has advised Fuchs on the acquisition of the Batoyle Freedom Group’s business in the UK.
Long standing client Fuchs, the world's largest independent manufacturer of lubricants, acquired the Batoyle Freedom lubricants business, based in Huddersfield, and will integrate it into their subsidiary Fuchs Lubricants (UK). The acquisition was primarily made to obtain access to product technology, customer base and personnel in the glass manufacturing lubricants sector. In 2013, the Fuchs Petrolub Group accounted for EUR 1.8 billion sales worldwide with staff of 3,888.
Nick Davenport, who led the team at Turner Parkinson advising on the deal said “we are delighted to continue our relationship working alongside Fuchs, assisting their growth and expansion. This acquisition allows Fuchs to gain greater market penetration in the glass manufacture lubrication sector”.
James Sheridan, head of Corporate at Turner Parkinson added “This is now the fifth significant deal that our team have advised on in as many weeks. With a pipeline of further transactions through the summer months we continue to show our strength in advising growing businesses and delivering deals for our clients”.
The team continue to advise growing businesses on their corporate activity having regularly topped deal tables in the North West over the last three years.