Houghton International Inc. announced last Thursday that it has acquired Wallover Enterprises, a North American metalworking fluid and industrial lubricant manufacturer headquartered in Strongsville, Ohio.
This acquisition enables Houghton to expand and improve its metalworking solutions capability for its customers, said Houghton Chief Executive Officer Mike Shannon. 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 U.S. and Canada and provides advanced technical and applications expertise in electrical discharge machining (EDM) fluids and stainless steel cold rolling oils. The companys specialty fluid products, sales teams and technology resources will complement and expand Houghtons advanced fluid solutions for its customers in North America.
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. Both Houghton and Wallover have succeeded in serving the metalworking fluids market for over 150 years through their commitment to product innovation and customer success. Houghton will continue this commitment to improving customers operations and performance with advanced fluid solutions.
Terms of the Wallover transaction were not disclosed.
Headquartered in Valley Forge, Pennsylvania, Houghton operates research, manufacturing and office locations in 33 countries around the world.
In December 2012, Hinduja group company Gulf Oil Corporation acquired US-based Houghton International for $1.045 billion.