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Würth Group takes over lubricant specialist Liqui Moly
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2017-12-26

The Würth Group is taking over the Ulm-based company Liqui Moly GmbH, purchasing all shares from the managing partner, Ernst Prost, effective as of 1 January 2018. With this transaction, the Würth Group will become the sole owner of Liqui Moly GmbH, a globally operating and successful manufacturer of high-quality lubricants, engine oils, additives and other vehicle care products. The Würth Group will continue operating Liqui Moly as an autonomous company with an independent brand within the Würth Group. In fiscal year 2016, Liqui Moly generated sales of approximately EUR 500 million with more than 800 employees. The transaction still needs to be approved by the responsible regulatory authorities.

 

To ensure continuity in the management in the long term, Ernst Prost (60) will remain managing director of Liqui Moly after the sale of his shares. In addition, the long-standing head of sales at Liqui Moly, Günter Hiermaier (52), will be appointed second managing director, effective as of 1 March 2018. Together, Günter Hiermaier and Ernst Prost will form the management team of Liqui Moly.

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2017-12-26

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