# Quaker Chemical and Houghton International to combine

Quaker Chemical Corporation and Houghton International Inc. executed a definitive agreement to combine, with Houghton shareholders receiving $172.5 million cash and 24.5% ownership of the combined company.

- Type: Acquisition
- Announced: 2017-04-05
- Where: Philadelphia area, United States
- Value: $172.5M
- Status: announced
- Products: process fluids, chemical specialties
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Houghton International](https://endata.com/companies/12134.md) (target)
- [Quaker Chemical Corporation](https://endata.com/companies/23341.md) (acquirer)
- [Hinduja Group](https://endata.com/companies/23342.md) (investor)

## Sources

- [investors.quakerhoughton.com](https://investors.quakerhoughton.com/news-releases/news-release-details/quaker-chemical-and-houghton-international-combine), 2017-04-05: "The proposed combination of Quaker Chemical and Houghton International represents the next phase of our evolution, and stays true to the vision of growing in our core specialties."
- [inquirer.com](https://www.inquirer.com/philly/blogs/inq-phillydeals/100-year-rivals-merge-Quaker-Chemical-buys-Houghton-.html), 2017-04-05: "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, "

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.