M&A Deal Summary

Quaker Chemical Acquires Houghton International

On April 5, 2017, Quaker Chemical acquired chemicals company Houghton International from Gulf Oil Corp for 173M USD

Acquisition Highlights
  • This is Quaker Chemical’s 11th transaction in the Chemicals sector.
  • This is Quaker Chemical’s largest (disclosed) transaction.
  • This is Quaker Chemical’s 5th transaction in the United States.
  • This is Quaker Chemical’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-04-05
Target Houghton International
Sector Chemicals
Buyer(s) Quaker Chemical
Sellers(s) Gulf Oil Corp
Deal Type Merger
Deal Value 173M USD
Advisor(s) RBC Capital Markets (Financial)
Mayer Brown (Legal)

Target

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.

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Buyer(S) 1

Buyer

Quaker Chemical

Conshohocken, Pennsylvania, United States
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 11 of 12
Sector (Chemicals) 11 of 12
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 5 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Lubricor

Waterloo, Ontario, Canada

Lubricor, Inc. is a manufacturer and marketer of metalworking fluids. Lubricor, Inc. was established in 1998 and is headquartered in Waterloo, Ontario.a

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 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.

Buy £80M

Seller(S) 1

SELLER

Gulf Oil Corp

Hyderabad, India
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Gulf Oil Corporation Ltd (Gulf) is a part of the Gulf Oil International Group. Gulf Oil International is one of the largest independently owned downstream lubricants companies in the world.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-22 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 $1.0B
Mergr

Product

Company

Legal