After working successfully for over 14 years through a joint venture established with Etna Products, Inc. in Chagrin Falls, Ohio, called Etna-Bechem Lubricants, Ltd., Carl Bechem GmbH has purchased the shares from Etna Products, Inc., resulting in the formation of BECHEM Lubrication Technology, LLC. BECHEM Lubrication Technology, LLC will continue to focus on the growth and expansion of the current markets being served, while looking to further expand into other niche markets with the globally recognized Carl Bechem technologies and brands. Customers will continue to enjoy the same excellent quality and service.
Hans-Otto Franz, Managing Director of CARL BECHEM GMBH in Hagen states: “This investment falls directly into our corporate strategic objectives. Our focus over the last years was to establish successful Carl Bechem companies with production sites in China and India while strengthening our technical sales and service reach into those local markets.”
Hans-Otto Franz is looking forward to announcing that John C. Steigerwald will become the President of BECHEM Lubrication Technology, LLC. John C. Steigerwald brings longtime hands-on leadership experience in the global speciality lubricant market. He is no stranger to CARL BECHEM GMBH, as he was the President of the former Etna-Bechem Lubricants, Ltd., from the inception of the joint venture with Etna Products.