# Italmatch Chemicals to acquire Afton Chemical's metalworking fluid business

Italmatch Chemicals entered into an agreement to acquire Afton Chemical Corp.'s metalworking fluid business, including sites in the US, UK, India and China. The transaction is expected to close by end of May 2018.

- Type: Acquisition
- Announced: 2018-04-30
- Where: Bedford Park, Illinois, United States
- Status: announced
- Products: metalworking fluids, fluid additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Afton Chemical](https://endata.com/companies/20900.md) (target)
- [Italmatch Chemicals](https://endata.com/companies/27695.md) (acquirer)

## Sources

- [fuelsandlubes.com](https://www.fuelsandlubes.com/italmatch-chemicals-to-acquire-afton-chemicals-metalworking-fluid-business/), 2018-04-30: "Italy’s Italmatch Chemicals has entered into an agreement to acquire Afton Chemical Corp.’s metalworking fluid (MWF) business."
- [echemi.com](https://www.echemi.com/cms/12450.html), 2018-05-09: "The agreement strategically follows the recent acquisition of Elco Corporation in the USA, still in industrial lubricants business, allowing an important development of our current production range."

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