03.01.17 | Corporate
Zschimmer & Schwarz Announces Acquisition of the LEXOLUBE Division
The acquisition of the LEXOLUBE Division from INOLEX expands the lubricant and lubricant component portfolio at Zschimmer & Schwarz. With this acquisition, the specialty chemicals manufacturer gains further access to a growing and strategically important market.
Lahnstein (Germany), Milledgeville (GA), January 2017 - In line with a clearly defined growth strategy, Zschimmer & Schwarz, Inc., has acquired the LEXOLUBE Division from INOLEX, Inc. The acquisition expands the existing business portfolio of the specialty chemicals manufacturer with additional specialty lubricants and lubricant components. The transaction took place on January 3 rd , 2017.
“We are pleased to announce the acquisition of the LEXOLUBE Division from INOLEX Inc.,” says William Burton, CEO of Zschimmer & Schwarz, Inc. “The acquisition adds a series of high quality and IP-protected innovative solutions to our existing lubricant portfolio. Our technical capability and capacity will allow us to continue strong growth in the lubricant market segment.” “Zschimmer & Schwarz is the perfect match,” says Tyler Housel, former EVP of INOLEX Inc. and now Head of the LEXOLUBE Division at Zschimmer & Schwarz, Inc. “The new organization will make us a stronger supplier to our valued customers.”
In order to guarantee a smooth transition, INOLEX will continue to produce LEXOLUBE products for a certain period until manufacturing is transferred to the Milledgeville, GA site. Sales for LEXOLUBE products will be exclusiv ely handled by Zschimmer & Schwarz Inc.
Head of Corporate Communications
Zschimmer & Schwarz
56112 Lahnstein | DE
T +49 2621 12-201
F +49 2621 12-507