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Quaker Chemical Corporation announced that it has entered into a $100 million, five-year, unsecured syndicated multicurrency revolving credit facility.
The new facility currently allows for revolving credit borrowings in a principal amount of up to $100 million, which can be increased to $125 million should additional financing be required in the future. The syndicate that includes five banks was arranged by Bank of America, N.A.
The Company plans to utilize the facility to consolidate existing short- term loans as well as for other general corporate purposes.
Quaker Chemical Acquires NP Coil Dexter Industries S.r.l.
Quaker Chemical Corporation (NYSE: KWR) announced today that it has purchased NP Coil Dexter Industries S.r.l., a leading European manufacturer and supplier of metal surface treatment products ("NP Coil Dexter"). Terms of the purchase were not disclosed. NP Coil Dexter's proprietary fo ... more
Quaker Chemical Acquires Summit Lubricants Inc.
Quaker Chemical Corporation announced that it has acquired Summit Lubricants Inc., a specialty grease manufacturer, effective December 31, 2010. The purchase price of $30 million approximates Summit Lubricants' anticipated 2011 net sales. The acquisition is expected to be accretive to earni ... more
Michael F. Barry Elected as Chairman of the Board of Quaker Chemical Corporation
Quaker Chemical Corporation announced that Michael F. Barry, Chief Executive Officer and President, has been elected as Chairman of the Board. Mr. Barry replaces Ronald J. Naples, who has served as the Corporation's Chairman of the Board since 1997 and stepped down as Chief Executive Office ... more
Quaker Chemical Corporation is a leading global provider of process chemicals, chemical specialties, services, and technical expertise to a wide range of industries--including steel, aluminum, automotive, mining, aerospace, tube and pipe, coatings and construction materials. Our products, t ... more
