CONSHOHOCKEN, Pa., Oct. 3, 2011 /PRNewswire/ -- Quaker Chemical
Corporation (NYSE: KWR) announced today that it has acquired
G.W. Smith & Sons, Inc., a
leading manufacturer and supplier of die cast lubricants
("G.W. Smith"). The acquired
business has net sales of approximately $14
million.
G.W. Smith's proprietary
formulations of die cast lubricants, metalworking lubricants, and
machining fluids are sold through direct sales, distributors, and
agents in the U.S. and internationally. G.W. Smith will
operate as a stand-alone subsidiary of Quaker. Included in
the transaction are G.W. Smith's
commercial operations and a manufacturing operation located in
Dayton, Ohio.
Michael F. Barry, Chairman, CEO
and President, commented, "G.W.
Smith is an excellent strategic fit for Quaker as it is
complementary to our existing business. Since its founding over 70
years ago, G.W. Smith has earned a
reputation as a high quality die cast lubricant and metalworking
fluid supplier. Many of our customers have die casting and
related operations. We are excited at the prospect of offering
G.W. Smith's complementary product
line to our existing customers, both in the U.S. and globally, as
well as offering our metalworking products to G.W. Smith's customers. We expect the
acquisition to be accretive in the first year."
For more information on Quaker Chemical Corporation, please
visit www.quakerchem.com.
For more information on G.W.
Smith & Sons, Inc., please visit
www.gwsmithandsons.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