This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Freudenberg crea un nuevo grupo de negocio de especialidades químicas

Freudenberg creates a new group of specialty chemicals business

22/03/2004

on March 22, 2004

Freudenberg & Co., of the corporate group with the same name based in Weinheim, Germany, has acquired the North American company of unmoulders Chem-Trend of Howell, Michigan.

With this acquisition, Freudenberg strengthens the field of specialties and brings together the successful Klüber Lubrication Munich and its subsidiaries with Chem-Trend in the new group of business "freudenberg chemical specialities".

Under this roof, Klüber Lubrication, Chem-Trend and OKS will continue its activity independently, with its own brands and their respective markets. The new group of business (Freudenberg Chemical Specialities) totals sales environment to EUR 375 million and occupies a staff of approximately 2,000 employees. The company is headquartered in Munich.

"The acquisition of Chem-Trend, Freudenberg enhances substantially its business of special lubricants Division." "Such a Division will be integrated in the Group of"specialty chemicals"business and thereby becomes more strongly as a major division of the Freudenberg Group", in the words of Dr. Betermann, spokesman for the Committee of management of the Freudenberg Group.