Quaker Chemical Corp. is acquiring Houghton International Inc.,a chemical company based in Lower Providence.
Under the terms of the agreement, Houghton shareholders will receive $172.5 million in cash along with a 24.5 percent ownership stake in the newly combined company. Quaker Chemical (NYSE: KWR), and based in Conshohocken,will assume $690 million of Houghtons debt. The boards of both companies gain signed off on the merger. Houghton is owned by the Hinduja Group Co.
Quaker Chemical reported…
Source: bizjournals.com