Quaker Chemical Corporation Announces Acquisition Of Canadian Business
Joseph W. Bauer, President and Chief Operating Officer, stated, "Our strategy is to focus on our two core businesses…steel and metalworking. This transaction is consistent with this strategy and is in keeping with our Destination of becoming a single worldwide company delivering everywhere the best from anywhere."
John Blachford, President and Chief Executive Officer of H. L. Blachford Ltd., said, "Our customers will benefit from the increased application of Quaker's global resources, while maintaining service and supply from our QS9000 and ISO 9001 accredited facilities."
It is expected that this transaction will provide Quaker with additional annual revenues of about $3.0 million and will be slightly accretive to earnings in 2001.
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