Quaker Chemical Corporation (NYSE: KWR) announced it has acquired D.A. Stuart’s U.S. aluminum hot rolling oil business from Houghton International, including the rights to sell the product portfolio internationally. With this acquisition, Quaker becomes a leading player in the US aluminum hot rolling market, serving some of the largest reversing mills, single and multi-stand tandem finishing mills, and combination mill systems in the country. The acquired business had net sales in 2009 of approximately US$7 million.
The Valence Group acted as financial advisor to Houghton