Quaker Chemical Corporation

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.

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.