The FUCHS Group completed the acquisition of a 28% stake in E-Lyte Innovations.

The FUCHS Group, a lubricant manufacturer, completed the acquisition of a 28% stake in E-Lyte Innovations, a specialty chemical company. Financial terms were not disclosed. "We are setting foot on new terrain outside the classic applications for lubricants. The world is changing rapidly and we don’t just want to keep pace, we want to actively meet the future: by entering a very exciting, globally fast-growing market with significant business potential," Stefan Fuchs, The FUCHS Group Chairman.