Quaker Chemical Corporation (NYSE: KWR) has acquired Lubricor Inc.

Quaker Acquires Lubricor Inc. Canadian Metalworking Fluids Business

CONSHOHOCKEN, Pa., Nov. 30, 2016 /PRNewswire/ -- Quaker Chemical Corporation (NYSE: KWR) announced today that it has acquired Lubricor Inc., a manufacturer and marketer of metalworking fluids based in Waterloo, Ontario, for approximately 16 million Canadian dollars, or $11.8 million.  Lubricor annually sells approximately $10 million of branded products directly to its North American customers, primarily automotive suppliers, and into Southeast Asia through a distributor relationship in Thailand.  Also, Lubricor has an annual estimated EBITDA of approximately $1.6 million.

Want to read more? View the press release on Quaker Chemical's website here.