TPi March 2020

Business & market news

Master Fluid Solutions acquires Wilhelm Dietz GmbH as part of EU expansion plan

“We have a very talented team here in Düsseldorf, high technology laboratory and outstanding relationship with our customers. All of these will remain, so that together we are able to create customised and industry-oriented high-performance solutions that enable companies to fully exploit their production potential.” Master Fluid Solutions will relocate their European Headquarters to the WEDOLiT site in Düsseldorf and integration activities will begin immediately and will proceed over the

to better serve the European market. This acquisition will allow Master Fluid Solutions to move into becoming a prominent leader in the European lubricant market.” This acquisition is a step in Master Fluid Solutions’ long-term strategic plan and will allow the company to expand its global footprint and gain manufacturing capabilities in mainland Europe. It will also mean that Master Fluid Solutions can add new services and capabilities to its product line. Theo Bartholomaios, managing director of WEDOLiT, added: “We want to ensure that the history of our company lives on through Master Fluid Solutions as we join forces to achieve the same goal.”

Metalworking fluids and associated chemicals manufacturer, Master Fluid Solutions, has announced its acquisition of Wilhelm Dietz GmbH. Wilhelm Dietz GmbH, based in Düsseldorf, Germany, primarily serves the needs of the pipe and tube expansion, forming, wire drawing and metalworking industries under its WEDOLiT brand name. Master Fluid Solutions president, CEO and board member Michael McHenry said: “We are a strong company that has aggressive goals with expectations to expand our global presence and Dietz will contribute towards achieving this business strategy. “We look forward to combining our experience and specialist knowledge

next six to 12 months. Master Fluid Solutions www.masterfluidsolutions.com WEDOLiT www.wedolit.eu

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March 2020 TUBE PRODUCTS INTERNATIONAL