Quaker Acquires Remaining Interest In Australian Affiliate
CONSHOHOCKEN, Pa., June 30, 2014
CONSHOHOCKEN, Pa., June 30, 2014 /PRNewswire/ --Quaker Chemical Corporation
(NYSE: KWR) announced today that it has acquired the remaining 49% ownership
interest in its Australian affiliate, Quaker Chemical (Australasia) Pty.
Limited ("QCA") for A$8 million from its joint venture partner, Nuplex
Industries. QCA sells Quaker products to the metalworking, steel, tube & pipe
and mining industries in Australia and has associates based in various
locations around Australia. Quaker had been a joint venture partner in QCA
for 50 years.
Quaker Chemical logo
Michael F. Barry, Chairman, Chief Executive Officer and President, commented,
"Australia is a market with good growth opportunities in several of our
business lines. This acquisition further strengthens our position in
Australia and allows us to simplify our overall corporate structure and
improve our organizational efficiencies."
Quaker Chemical isaleading global provider of process fluids,chemical
specialties, and technical expertise to a wide range of industries,
includingsteel, aluminum, automotive, mining, aerospace, tube and pipe, cans,
and others. For nearly 100 years, Quaker has helped customers around the
world achieve production efficiency, improve product quality, and lower costs
through a combination of innovative technology, process knowledge,and
customized services. Headquartered in Conshohocken, Pennsylvania USA, Quaker
serves businesses worldwide with anetwork ofdedicated and experienced
professionals whose mission is to make a difference.
SOURCE Quaker Chemical Corporation
Contact: Margaret M. Loebl, Vice President, Chief Financial Officer and
Treasurer, email@example.com, 610.832.4160
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