LEADERS IN INDUSTRIAL PROCESS FLUIDS COMBINE TO FORM QUAKER HOUGHTON
It was announced yesterday that Quaker Chemical and Houghton International combined to form Quaker Houghton. See excerpts below from the August 1st press release.
Quaker Chemical Corporation and Houghton International have combined to create Quaker Houghton (NYSE: KWR), the global leader in industrial process fluids to the primary metals and metalworking markets. Along with the new name, the company revealed a new logo and brand representing the combined companies. The company will continue to be listed on the New York Stock Exchange and trade under the “KWR” ticker symbol.
With its expanded products and services portfolio, the company expects that cross-selling opportunities will facilitate continued above-market growth. Specific products the company offers include metal cutting and forming fluids, corrosion protection fluids, specialty hydraulic fluids, and steel and aluminum rolling oils. In addition, legacy-Houghton customers will benefit from Quaker’s strength in specialty greases, high-pressure die casting, mining specialties, surface treatment and bio-based lubricants, while legacy-Quaker customers will now have access to Houghton’s heat treatment quenchants, offshore hydraulic fluids, metal finishing products, and a broader metal removal fluids portfolio.
We are excited to share this announcement, and look forward to the new opportunities and discussion that this combination will spark. For more information and further reading, please visit the Quaker Houghton website.