Houghton Acquires Metalworking Fluids Maker
07/27/2016 - U.S.-based metalworking fluids maker Wallover Enterprises Inc. has been sold to a Gulf Oil International subsidiary for an undisclosed amount.
According to investment bank Brown Gibbons Land & Co., which served as a financial adviser on the deal, Wallover was acquired by Houghton International.
Based in Ohio, Wallover is one of the oldest, independent producers of metalworking fluids and industrial lubricants in North America. Its product line includes drawing and stamping compounds, rust preventives, electrical discharge machining fluids, quenching oils and rolling oils.
Wallover celebrated the 150th anniversary of its founding in 2013.
“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, in a statement.
Based in Ohio, Wallover is one of the oldest, independent producers of metalworking fluids and industrial lubricants in North America. Its product line includes drawing and stamping compounds, rust preventives, electrical discharge machining fluids, quenching oils and rolling oils.
Wallover celebrated the 150th anniversary of its founding in 2013.
“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, in a statement.
