SZA Schilling, Zutt & Anschütz advised FUCHS PETROLUB SE on the acquisition of Sweden-based Statoil Fuel & Retail Lubricants AB (SFR Lubricants), Stockholm, from Couche-Tard Luxembourg S.A.R.L., a wholly owned indirect subsidiary of Alimentation Couche-Tard Inc. The transaction was consummated on 1 October 2015. SFR Lubricants is one of the leading lubricant providers in Scandinavia and also operates in Poland, Russia and the Baltic States. As a manufacturer of automotive and industrial lubricants and specialties, SFR Lubricants is a well-known provider to many industries.
The lubricants business of Statoil Fuel & Retail was spun off from its downstream business last year and transitioned into independent companies. In the financial year 2014/2015, SFR Lubricants generated sales revenues of approximately EUR 140 million, around two thirds of which can be attributed to Scandinavia and one third to Eastern Europe. The company employs 470 people and maintains a production site in Nynäshamn near Stockholm.
FUCHS PETROLUB is a global Group based in Germany, which develops, produces and distributes around 10,000 lubricants and related specialties across the world. The Group, which was founded in 1931, with its headquarters in Mannheim, ranks number one among the world's independent lubricant providers. The Group has a workforce of more than 4,000 employees in a total of 52 operating companies worldwide.
Involved for SZA Schilling, Zutt & Anschütz were Dr. Heino Rück (Corporate/M&A, SZA-lead counsel) and Dr. Stefanie Birmanns (Antitrust). SZA Schilling, Zutt & Anschütz cooperated with a team led by Erik Fahlgren (Managing Partner) of the Swedish law firm Hammarskiöld & Co. Inhouse lead counsel for FUCHS was the head of the legal department, Dr. Meinhard Grodde.