The move is part of Fuchs’ expansion into the Australian automotive retail sector. Fuchs already supplies its branded oil products to automotive markets.

Fuchs Australasia managing director Wayne Hoiles said the Nulon name would be retained and its products will continue to be made in Australia.

“This acquisition is a very strong fit for both Fuchs and Nulon,” Mr Hoiles said.

“It is two family-run businesses coming together. Fuchs’ strong research and development capabilities will enhance the innovation platform that Nulon is best known for.

“Fuchs is looking forward to welcoming the Nulon team into the Fuchs family.”

The Australian lubricant, coolant and additive manufacturer Nulon was founded in 1980 by Leon Simons and is now run by his sons, Greg and John.

It employs about 60 people and its products are sold through auto accessory retail outlets in Australia and New Zealand.

Fuchs Group is the world’s biggest independent lubricant manufacturer. It was started in Mannheim in 1931 and now employs more than 5000 people worldwide at 58 operating companies. Its main sales markets are Western Europe, Asia and North America.

By Neil Dowling