PHILADELPHIA, Saturday, November 13th 2010 [ME NewsWire]:
(BUSINESS WIRE)-- Houghton International Inc., global manufacturer and supplier of industrial fluids and chemical management services, has signed an agreement to acquire the Shell Metalworking and Metal Rolling Oils business. The transaction, anticipated to close in early 2011, is subject to regulatory approval.
Houghton and Shell Metal Working and Metal Rolling Oils are prominent specialty fluid manufacturers in the global metal working and metal rolling fluids marketplace.
“This acquisition will bring together two complementary organizations that will benefit from combining two talented teams and the integration of best practices,” said Paul DeVivo, CEO of Houghton International Inc. “The transaction will better enable Houghton to provide its global technology and application capabilities to a broader customer base.”
Terms of the transaction were not disclosed.
About Houghton International
Since 1865, Houghton International Inc. has been a leader in the development and production of specialty chemicals, oils and lubricants for the metalworking, automotive, steel and aluminum industries, along with a variety of other markets. Headquartered in Valley Forge, Pa., USA, Houghton maintains manufacturing, distribution and research facilities throughout the world. Additional information is available at www.houghtonintl.com.
For media enquiries, please contact:
PR council for Houghton International
Chris Henneghan,
610-269-2100 x230
chenneghan@schubert.com
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