7 November 2012
Details
Gulf Oil Corporation Limited (GOCL),
a Hinduja Group Company,
through its subsidiary in United Kingdom,
is acquiring a 100 % stake in
Houghton International Inc. for
USD 1,045 million.,
from a U.S. based equity fund.
The transaction is subject to
customary closing conditions.
About Houghton International Inc.
- is privately held and headquartered in
Pennsylvania, USA.
- manufacturs specialty chemicals, oils and lubricants
for metalworking, automotives, aerospace and steel.
- has a global footprint with sales in more than 75 countries
supported by 12 manufacturing sites in 10 countries
- recorded, on a twelve month basis ending Semptember,
sales of USD 858 million and
adjusted EBITDA of USD 132 million
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