Quaker Chemical and Houghton International to Combine Creating a global leader uniquely positioned in metalworking and primary metals platforms with deep expertise across attractive customer segments_by chemwinfo

5 April 2017

ABOUT QUAKER CHEMICAL

View Quaker Chemical Presentation

ABOUT HOUGHTON INTERNATIONAL

DETAILS

Quaker Chemical Corporation (NYSE: KWR) and 

Houghton International Inc., companies

with a combined 250-year history

as providers of process fluids,

chemical specialties, and technical expertise

to the global primary metals and metalworking industries,

today announced that they have executed

a definitive agreement to combine the companies.  

Both Quaker Chemical and Houghton International

are headquartered in the Philadelphia area.

Under the terms of the agreement, 

Houghton International shareholders will receive 

$172.5 million of cash and 24.5 percent ownership

of the combined company,

representing approximately 4.3 million shares

of newly issued Quaker Chemical stock. 

In addition, Quaker Chemical will assume 

Houghton International's debt and cash,

with net debt of approximately $690 million 

at year-end 2016.  

The agreement has been approved by

both Quaker Chemical's board of directors and 

Houghton International's board of directors

with full support of the Hinduja Group,

which will become Quaker Chemical's largest shareholder.

Houghton International and Quaker Chemical are both known

for a commitment to innovation

in a highly specialized and technologically demanding industry.

READ MORE

SOURCE Quaker Chemical Corporation

Contact Information - Quaker Chemical -

Investors:

Mary Dean Hall,

Vice President, Chief Financial Officer and Treasurer,

HallM@quakerchem.com,

T.+1.610.832.4160;

Media:

Melissa McClain,

Communications Manager,

McClainM@quakerchem.com,

T. +1.610.832.7809;

Contact Information - Houghton International -

Media :

Natalie Kay,

HoughtonNews@houghtonintl.com,

T.+1.215.850.4643

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