Master Fluid Solutions acquires Wilhelm Dietz GmbH

Published
October 08, 2019 - 11:15am
Master Fluid Solutions acquires Wilhelm Dietz GmbH

Master Fluid Solutions, a Perrysburg, Ohio-based manufacturer of metalworking fluids and associated chemicals, announces its acquisition of Wilhelm Dietz GmbH. Based in Düsseldorf, Germany, Wilhelm Dietz GmbH primarily serves the needs of the pipe and tube expansion, forming, wire drawing and metalworking industries under its WEDOLiT brand name.

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 allow Master Fluid Solutions to add new services and capabilities to its product line.

Existing Master Fluid Solutions' customers in Europe will benefit from localized operations and service, and WEDOLiT's customers will benefit from an expanded product and service portfolio.

“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," said Michael McHenry, Master Fluid Solutions' president, CEO and board member. “We look forward to combining our experience and specialist knowledge 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."

Not only does this acquisition strengthen Master Fluid Solutions' ability to serve the European market, but it also gives them broader access to new industries and markets. 

“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," said Theo Bartholomaios, managing director of WEDOLiT. "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 customized 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. Integration activities will begin immediately and will proceed over the next six to 12 months.

Related Glossary Terms

  • metalworking

    metalworking

    Any manufacturing process in which metal is processed or machined such that the workpiece is given a new shape. Broadly defined, the term includes processes such as design and layout, heat-treating, material handling and inspection.

INDUSTRY NEWS

07/17/2024
WFL Multifunction Turning and Milling Centers are employed across various industries, with aerospace being a significant market. ArianeGroup, at the forefront of space transportation, stands as a…

07/11/2024
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (…

07/08/2024
EXAIR, a leader in engineered compressed air solutions and static elimination, and BETE, an engineered spray nozzle and spraying systems manufacturer, have entered into a definitive merger agreement…