FUCHS Completes Full Acquisition of OPET FUCHS JV

Mannheim/Germany, April 30, 2026

The FUCHS Group, which operates globally in the lubricants industry, today completed the full acquisition of the OPET FUCHS joint venture after receiving all necessary approvals.

The transaction is based on the agreement signed in February 2026. FUCHS acquired the 50 percent stake previously held by OPET in the company, headquartered in Istanbul, Turkey, including its production plant in Aliaga (Izmir) and now owns 100 percent of the shares.

FUCHS strengthens its presence in Turkey with this successful acquisition. Given its size, industrial base, and growth opportunities, the Turkish market is of great strategic importance to the company.

FUCHS already holds a significant market position, particularly in the industrial, OEM, mining, and automotive aftermarket sectors, and sees further growth potential for the future.

Ahmet Oral will assume the role of Managing Director effective May 1, 2026. He brings around 25 years of experience in the lubricants business and has previously worked for OPET FUCHS.

The company employs around 250 people and expects to generate revenue of approximately EUR 100 million in the current financial year.

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