Houghton International, a global manufacturer and supplier of industrial fluids and chemical management services, has announced the signing of an agreement to acquire Shell's 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 specialist fluid manufacturers in the global metalworking and metal rolling fluids marketplace.
“This acquisition will bring together two complementary organisations that will benefit from combining two talented teams and the integration of best practices,” stated Paul DeVivo, CEO of Houghton International. “The transaction will better enable Houghton to provide its global technology and application capabilities to a broader customer base.”
The terms of the transaction were not disclosed.
Houghton International
www.houghtoneurope.com
