Quaker Chemical buys US lubricant firm G.W. Smith
US-based process chemicals firm Quaker Chemical has acquired G.W. Smith, a leading manufacturer and supplier of die cast lubricants. The acquired business has net sales of approximately $14 million.
G.W. Smith's proprietary formulations of die cast lubricants, metalworking lubricants, and machining fluids are sold through direct sales, distributors, and agents in the US and internationally.
G.W. Smith will operate as a stand-alone subsidiary of Quaker, the company said. Included in the transaction are G.W. Smith's commercial operations and a manufacturing operation located in Dayton, Ohio.
Michael F. Barry, CEO of Quaker, said: "G.W. Smith is an excellent strategic fit for Quaker as it is complementary to our existing business.
“Since its founding over 70 years ago, G.W. Smith has earned a reputation as a high quality die cast lubricant and metalworking fluid supplier. Many of our customers have die casting and related operations.
“We are excited at the prospect of offering G.W. Smith's complementary product line to our existing customers, both in the US. and globally, as well as offering our metalworking products to G.W. Smith's customers,” he added. “We expect the acquisition to be accretive in the first year.”
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