Two leading industrial process fluids suppliers have merged to create a new company which will continue to service the aerospace, aluminum, automotive, machinery, industrial parts manufacturing, offshore, steel, and tube and pipe industries.
Quaker Chemical Corporation and Houghton International have combined to create Quaker Houghton (NYSE: KWR), positioning the new company to be a global leader in industrial process fluids to the primary metals and metalworking markets. Along with the new name, the company revealed a new logo and brand representing the combined companies. The company will continue to be listed on the New York Stock Exchange and trade under the “KWR” ticker symbol.
Quaker was founded in 1918 and Houghton in 1865. The combined $1.6 billion revenue company employs 4,000 associates serving 15,000 customers worldwide.
“We are rooted in companies commonly acknowledged as authorities in industrial fluids and valued experts in customer processes,” said Michael F. Barry, Chairman, Chief Executive Officer, and President of the new company, previously serving Quaker Chemical in similar capacities. “Our similar cultures and values, combined with the talent and resources we bring to Quaker Houghton, create exciting opportunities to deliver innovative solutions that will help our customers’ operations run even more efficiently and effectively.”
Specific products the company offers include metal cutting and forming fluids, corrosion protection fluids, specialty hydraulic fluids, and steel and aluminum rolling oils. In addition, legacy-Houghton customers will benefit from Quaker’s strength in specialty greases, high-pressure die casting, mining specialties, surface treatment and bio-based lubricants, while legacy-Quaker customers will now have access to Houghton’s heat treatment quenchants, offshore hydraulic fluids, metal finishing products, and a broader metal removal fluids portfolio.
