CONSHOHOCKEN, Pa., July 16 /PRNewswire-FirstCall/ -- Quaker Chemical
Corporation (NYSE: KWR) announced today that it has acquired
D.A. Stuart's U.S. aluminum hot
rolling oil business from Houghton International, including the
rights to sell the product portfolio internationally. With
this acquisition, Quaker becomes a leading player in the U.S.
aluminum hot rolling market serving some of the largest reversing
mills, single and multi-stand tandem finishing mills, and
combination mill systems in the country. The acquired business had
net sales in 2009 of approximately $7
million.
Michael F. Barry, Quaker's
Chairman, CEO and President, commented, "This business is a
strategic fit for Quaker because it is complementary to our
existing business, is aligned with our core competencies of
lubrication and surface treatment, and will facilitate growth in
our primary metals business both within and outside of North America. The aluminum hot rolling market
has strong long-term growth prospects, especially in emerging
economies such as Russia,
South America, Eastern Europe, the Middle East and Asia. Quaker currently has a presence in those
countries and is well positioned for growth."
For more information on Quaker Chemical Corporation, please
visit www.quakerchem.com.
Quaker Chemical Corporation is a leading global 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's products, technical
solutions, and chemical management services enhance customers'
processes, improve product quality, and lower costs. Quaker's
headquarters is located near Philadelphia in Conshohocken, Pennsylvania.
SOURCE Quaker Chemical Corporation