M&A Deal Summary

Quaker Chemical Acquires Norman Hay - Operating Divisions

On August 29, 2019, Quaker Chemical acquired chemicals company Norman Hay - Operating Divisions from Norman Hay for 80M GBP

Acquisition Highlights
  • This is Quaker Chemical’s 12th transaction in the Chemicals sector.
  • This is Quaker Chemical’s 2nd largest (disclosed) transaction.
  • This is Quaker Chemical’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-08-29
Target Norman Hay - Operating Divisions
Sector Chemicals
Buyer(s) Quaker Chemical
Sellers(s) Norman Hay
Deal Type Divestiture
Deal Value 80M GBP

Target

Norman Hay - Operating Divisions

Coventry, United Kingdom
Norman Hay plc - Operating Divisions is a provider of design and engineering services that support surface treatment plants and equipment for the Ultraseal, SIFCO ASC and Surface Technology businesses as well as additional third-party industrial engineering applications.

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Buyer(S) 1

Buyer

Quaker Chemical

Conshohocken, Pennsylvania, United States

website

Category Company
Founded 1918
Sector Chemicals
Employees4,200
Revenue 1.9B USD (2022)
DESCRIPTION

Quaker Chemical is a provider of process chemicals, chemical specialties, services and technical expertise to a wide range of industries – including steel, automotive, mining, aerospace, tube and pipe, coatings and construction materials. Quaker Chemical was founded in 1918 and is based in Conshohocken, Pennsylvania.

DEAL STATS #
Overall 12 of 12
Sector (Chemicals) 12 of 12
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Houghton International

Valley Forge, Pennsylvania, United States

Houghton International, Inc. is a producer of metalworking fluids and provider of chemical management services. Houghton International operates research, manufacturing and office locations in 33 countries around the world delivering solutions that increase productivity, reduce operating costs and improve product quality for our customers. Houghton International was established in 1865 and is based in Valley Forge, Pennsylvania.

Buy $173M

Seller(S) 1

SELLER

Norman Hay

Coventry, United Kingdom

website

Category Company
Founded 1946
Sector Chemicals
DESCRIPTION

Norman Hay is a specialty chemicals and systems supplier to the aerospace, automotive, oil & gas and construction industries. It engages in the design, manufacture, application, and distribution of specialty chemicals, sealants, and industrial coatings in the United Kingdom and internationally. Norman Hay is based in Coventry, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Sifco ASC

Independence, Ohio, United States

Sifco ASC develops, manufactures and sells selective plating products and provides contract services for low volume repair, refurbishment and OEM applications.

Buy -
Mergr

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