Hinduja Group acquires Wallover in USA through Gulf Oil International’s subsidiary
This acquisition marks Houghton's latest strategic investment in the specialty metalworking and industrial fluids segment that enables the company to better serve North American manufacturers.
"With this acquisition Houghton deepens its leadership in Metalworking fluids and Industrial Lubricants by broadening its product portfolio. It now gives Houghton a platform to enhance its customer service to a different level altogether. We are delighted with the opportunities on the horizon” commented Sanjay Hinduja, Chairman, Gulf Oil International.
"This acquisition enables us to significantly improve our metalworking solutions capability for its customers," said Houghton Chief Executive Officer Mike Shannon. "We welcome the Wallover employees to the Houghton family and look forward to combining our industry experience and knowledge."
“The combination of these two businesses will provide stronger industry expertise and offer innovative solutions to our combined customer base. Both Houghton and Wallover have succeeded in serving the metalworking fluids market for over 150 years through their commitment to product innovation and customer success. Houghton will now deepen this commitment towards improving customers' operations and performance with advanced fluid solutions," added Jeewat Bijlani, President of Houghton Americas.
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