Germany’s Klüber Lubrication München SE & Co. KG, has acquired TRAXIT International GmbH, whose operations include TRAXIT North America.|

A press release said that with the acquisition, the TRAXIT Group now becomes part of the Klüber Lubrication Group. Based in Germany with manufacturing sites also in China and the U.S., TRAXIT provides the wire drawing industry with a complete range of lubricants for all wire applications. It has subsidiaries, agents or representatives present in over 150 countries.

TRAXIT will continue to be responsible for the operative management of its businesses. The company’s headquarters will remain in Schwelm.

Questions sent by WJI about whether any organizational changes were planned, led to the following rely: “There are strategic and operational synergies that are currently being examined, prioritized and then implemented.”