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Quaker Chemical Corporation announced on July 16 that 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 $7 million.
Michael F. Barry, Quaker's chairman, chief executive officer and president, commented, "This business is a strategic fit for Quaker because it is complementary to our existing business, is aligned with our core competencies of lubrication and surface treatment, and will facilitate growth in our primary metals business both within and outside of North America. The aluminum hot rolling market has strong long-term growth prospects, especially in emerging economies such as Russia, South America, Eastern Europe, the Middle East and Asia. Quaker currently has a presence in those countries and is well positioned for growth."
Quaker will expand its current product portfolio by adding the B-SERIES, ALUSHIELD and other aluminum hot mill rolling oils. The addition of these products, combined with the existing QUAKEROL lubricants, will enable Quaker to offer a more comprehensive package to customers worldwide. Quaker will be able to tailor a rolling product to meet the unique needs of a mill for the entire sheet producing process – from casting to finishing.