Quaker Chemical to acquire Houghton International for over $1.4 billion

Quaker Chemical agreed to acquire Houghton International in a deal valued at over $1.4 billion in cash, stock, and debt. The combined company will be run by Quaker's CEO, with expected cost savings of $45 million.

“Shares of Quaker Chemical Co. traded as high as $153.90, highest in the 99-year-old company's history, on Wednesday morning after the Conshohocken synthetic-oils maker agreed to buy its Norristown-based, 150-year-old rival, Houghton International, in a deal valued at more than $1.4 billion in cash, ”inquirer.com

• 1 source
• inquirer.comQuaker Chemical to acquire rival HoughtonJoseph N. DiStefanoApr 5, 2017

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