Weinheim, January 3, 2020. The Freudenberg global technology group further expands its specialist lubricant business. Effective immediately, the Freudenberg company, Klüber Lubrication München SE & Co. KG, Munich, Germany is acquiring TRAXIT International GmbH, Schwelm, Germany. The company is one of the largest wire drawing lubricant manufacturers in the world and has provided a complete range of lubricants for all applications to the wire industry for 139 years. TRAXIT has manufacturing sites in Germany, China and the USA. The lubricants are sold around the world. The company has subsidiaries, agents and representatives in over 150 countries and has some 150 employees.
“For years, we have been expanding our lubricant business by acquiring high quality specialists,” says Hanno D. Wentzler, CEO of Freudenberg Chemical Specialities, and explains: “Quality products and services used in manufacturing wire are an excellent addition to our existing portfolio.”
Both Klüber Lubrication and TRAXIT enjoy an excellent reputation for their highly innovative products, their broad technical and application know-how and their superior customer service.
“TRAXIT is a good fit for Klüber Lubrication, because its success factors and market mechanisms are similar to those for our current portfolio,” says Claus Langgartner, Klüber Lubrication CEO.
TRAXIT will retain responsibility for managing business operations. The company headquarters will remain in Schwelm.