Conshohocken-based Quaker Houghton, an industrial process fluids company, recently completed its purchase of Japan-based Dipsol Chemicals Co., a supplier of surface treatment and plating solutions and services primarily for automotive and other industrial applications, for approximately $153 million.
In addition, Quaker Houghton also announced it is purchasing U.K.-based Natech Ltd., a manufacturer of surface treatment chemicals for approximately $5.2 million.
“We are very excited to have completed the acquisition of Dipsol and announce the acquisition of Natech, demonstrating our ability to use our strong financial position to make strategic investments that will accelerate growth and create shareholder value,” Joseph Berquist, Quaker Houghton CEO and president said. “Dipsol and Natech provide Quaker Houghton with leading market positions in their respective markets and product technologies, that complement our technical service model and add capabilities and breadth to our differentiated portfolio of products and services. They also expand our advanced solutions businesses in attractive end markets with solid growth characteristics, providing ample opportunity to cross-sell and meet the evolving needs of our global customers.”
Dipsol employs approximately 450 people worldwide.
Natech manufactures water-based cleaners, metal pre-treatment products, paint strippers and other products.
Quaker Houghton employs approximately 4,400 people including chemists, engineers and industry experts.