Quaker Chem, Houghton International strike $863M+ deal
April 07, 2017
Industrial Chemicals | Philadelphia, PA | Corporate Acquisition
Quaker Chemical (NYSE: KWR) has agreed to acquire Houghton International in a deal comprising $172.5 million in cash, a 24.5% stake in the combined company and the assumption of Houghton International's net debt of roughly $690 million. The companies are both Philadelphia-based providers of process fluids and other chemicals to the primary metals and metalworking industries. Quaker Chemical has secured $1.15 billion in committed financing to support the transaction.