Kluber Lubrication acquires Traxit International

Klüber Lubrication München SE & Co. KG, Munich, Germany acquired the TRAXIT International GmbH, Schwelm, Germany. The purchase agreement includes all assets of the company including the international subsidiaries. With this acquisition, TRAXIT Group becomes a further division of the Klüber Lubrication Group.

Founded in 1881 in Schelwm, Germany, Traxit provides the wire drawing industry with a complete range of lubricants to suit all types of wire and has grown to be one of the largest wire drawing lubricant producers in the world.

Traxit runs manufacturing sites in Germany, China and USA and the lubricants are sold throughout the world. The company has subsidiaries, agents or representatives present in over 150 countries and employs some 150 people globally.

“We have been pursuing an active acquisition strategy for many years with a view to expanding the existing businesses by further value-added services. High-end products and services for the manufacturing of wires are a perfect addition to our existing portfolio of advanced specialty lubricants improving operational efficiency and protecting customer assets”, said Claus Langgartner, Speaker of the Board Klüber Lubrication.

With Traxit in its portfolio, Klüber Lubrication will enlarge its footprint in specialty lubricants and will develop it strategically. Langgartner went on to add that the company will fit in very well at Klüber Lubrication as similar success factors and mechanisms to the markets of their existing businesses apply.

“Much like Klüber Lubrication, Traxit has advanced the industry with performance-oriented products and quality services based on the unmatched scientific and application know-how,” said Sebastian Homborg, Management Board of Traxit.

Both companies are globally known for high-quality innovative products, leading-edge technology and exceptional support and service. “Customers will enjoy the benefits arising from Traxit now becoming a division of Klüber Lubrication”, said Guido Kellmann, Management Board of Traxit.

“Traxit is on a continuous growth path for decades. This trend will accelerate together with Klüber Lubrication”, declares Hartmut Schröder, Management Board of Traxit.