CONSHOHOCKEN, Pennsylvania,
July 19, 2010 /PRNewswire/ -- Quaker
Chemical Corporation (NYSE: KWR) announced on Friday 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 US 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
US$7 million.
Michael F. Barry, Quaker's
Chairman, Chief Executive Officer 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."
Quaker will expand its current product portfolio by adding the
B-SERIES(R), ALUSHIELD(R) and other aluminum hot mill rolling oils.
The addition of these products, combined with the existing
QUAKEROL(R) lubricants, will enable Quaker to offer a more
comprehensive package to customers worldwide. Quaker will be able
to tailor a rolling product to meet the unique needs of a mill for
the entire sheet producing process - from casting to finishing.
Aluminum producers looking to source their varied lubricant needs
from a single supplier can now turn to Quaker.
Mr. Mark Bohr, formerly General
Manager of Aluminum Rolling-USA at D.A. Stuart, will lead the
business for Quaker.
For more information on Quaker Chemical, please visit
http://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.