Ernst Prost

Würth Group is purchasing all shares of Liqui Moly GmbH from the managing partner, Ernst Prost, effective January 1, 2018. Würth has operated as a silent partner of Liqui Moly for the past 20 years.

Würth intends to run the manufacturer of high-quality lubricants, engine oils, additives and other vehicle care products as an autonomous company with an independent brand within the Würth Group.

In fiscal year 2016, Liqui Moly generated sales of approximately EUR 489 million, with more than 800 employees.

“Over the past few years, Liqui Moly has shown an outstanding performance and developed into a real success story,” stated Peter Zürn, deputy chairman of the Würth board. “The company owes this achievement mostly to the work of managing partner Ernst Prost and his employees.”

Prost, 60, will remain managing director of Liqui Moly after the sale.

In addition, the long-standing head of sales at Liqui Moly, Günter Hiermaier, 52, will be appointed second managing director, effective March 1, 2018.

Founded in Germany in 1957, Liqui Moly supplies chemicals for the automotive sector: engine oils and additives, greases and pastes, sprays and car care products, adhesives and sealants. The company manufactures exclusively in Germany, and distributes its products in more than 120 countries. Web: liqui-moly.com

Würth Group consists of 400+ companies with 74,000 employees in 80 countries. Würth sells 125,000 products, including screws, accessories and anchors, technical chemicals and protective equipment. Web: Würth.com