Quaker buys hot rolling business

Quaker Chemical Corp said it has acquired an aluminium hot rolling oil business from Houghton International in a move to expand its primary metals business.

Associated Press reports Quaker CEO Michael Barry said the hot rolling market has strong long-term growth prospects, especially in emerging economies such as Russia, South America, Eastern Europe, the Middle East and Asia.

Quaker Chemical makes products and services for the steel, automotive, mining, aerospace, tube and pipe, coatings and construction industries. For the year ended December 31, the company posted sales of $451.5M.