Germany-based lubricant supplier Liqui Moly’s owner Ernst Prost has sold his venture to long time silent partner Wurth Group.
“I have hereby secured the future of Liqui Moly for a time when I may no longer be at the helm myself,” says Prost. He remains the CEO of the corporate group.
The company reports that it retains a high-equity ratio and was on pace for another record year.
“I wanted to make provisions with a minimum of fuss, when things are going well and we don’t have to decide under difficult circumstances,” says Prost.
There is a long relationship with the Würth Group. For almost 20 years the Würth Group has been a silent partner of Liqui Moly – a safeguard against uncertainties even back then. With more than 70,000 employees and 12.5 billion euros sales, Würth Group may be bigger than Liqui Moly, but it is also a family company.
Liqui Moly remains an independent company within the Würth Group, Ernst Prost remains CEO. “Those who know me know that my employees are my focus,” says Prost. “After all, it would be foolish to change anything about the road to success over the past few years. Everything will continue just as before – just under a bigger roof that offers greater protection.”