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Houghton International recently acquired Wallover Enterprises, a North American metalworking fluid and industrial lubricant manufacturer headquartered in Strongsville, Ohio. The acquisition marks Houghton's latest strategic investment in the specialty metalworking and industrial fluids segment. Terms of the transaction were not disclosed.
"This acquisition enables Houghton to expand and improve its metalworking solutions capability for its customers," said Mike Shannon, Houghton's chief executive officer. "We welcome the Wallover employees to the Houghton family and look forward to combining our industry experience and knowledge."
Wallover produces and sells a diverse portfolio of fluid products into industrial end markets throughout the United States and Canada, and provides advanced technical and applications expertise in electrical-discharge machining (EDM) fluids and stainless-steel cold rolling oils. The company's specialty fluid products, sales teams and technology resources will complement and expand Houghton's advanced fluid solutions for its North American customers.
"The combination of these two businesses will provide a broader product portfolio and stronger industry expertise and innovation to our combined customer base," said Jeewat Bijlani, president of Houghton Americas.
Headquartered in Valley Forge, Pennsylvania, Houghton operates research, manufacturing and office locations in 33 countries around the world. Both Houghton and Wallover have served the metalworking fluids market for more than 150 years.
For more information, visit www.houghtonintl.com.