Houghton Acquires Wallover
This deal expands their footprint in EDM fluids and stainless steel cold rolling oils throughout the U.S. and Canada.
Posted: July 21, 2016
Houghton International Inc. (Valley Forge, PA) announced that they have acquired Wallover Enterprises, Inc. (Strongsville, OH), a North American metalworking fluid and industrial lubricant manufacturer. This acquisition marks their latest strategic investment in the specialty metalworking and industrial fluids segment that enables them to better serve North American manufacturers.
“This acquisition enables us to expand and improve our metalworking solutions capability customers,” stated Mike Shannon, the chief executive officer of Houghton. “We welcome Wallover employees to our company 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. Their specialty fluid products, sales teams and technology resources will complement and expand Houghton’s advanced fluid solutions for 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,” stated Jeewat Bijlani, the president of Houghton Americas. “Both companies have succeeded in serving the metalworking fluids market for over 150 years through their commitment to product innovation and customer success. We will continue this commitment to improving customers’ operations and performance with advanced fluid solutions.”
Terms of the Wallover transaction were not disclosed.
www.houghtonmetalworking.com, www.wallover.com
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