Quaker Houghton (NYSE: KWR) is the global leader in industrial process fluids. We continually improve and innovate so our customers can stay ahead in a changing world. Quaker Houghton draws on specialized process expertise and over a century of experience to offer a unique “customer intimacy” business model.
Operating in over 25 countries to support more than 15,000 customers, Quaker Houghton’s leadership is rich with deep industry expertise. Through the combination, the Company has approximately doubled its annual sales and adjusted EBITDA, not including estimated synergies which we currently estimate to be $60 million once fully achieved by the second year after close. The Company is also working towards significant cross-selling opportunities as a result of the combination, as it will offer an expanded product portfolio and R&D capabilities to meet customer needs.
Quaker Houghton’s priorities for its strong cash flow are to reduce its combination-related debt, pay dividends to its shareholders, and continue to seek future acquisitions. Quaker Houghton will also continue to deepen its commitment to creating a positive social, environmental and economic impact on our world and those we touch. As always, our goal is to create value for our customers, our shareholders, our colleagues and our communities.