Quaker Chemical acquires G.W. Smith

Quaker Chemical Corporation, which is based in Conshohocken, Penn., U.S.A., announced that it has acquired G.W. Smith & Sons, Inc., a leading manufacturer and supplier of die cast lubricants. The acquired business has net sales of approximately US$14 million. G.W. Smith’s proprietary formulations of die cast lubricants, metalworking lubricants and machining fluids are sold through direct sales, distributors, and agents in the U.S. and overseas markets. G.W. Smith will operate as a stand-alone subsidiary of Quaker. Included in the transaction are G.W. Smith’s commercial operations and a manufacturing facility located in Dayton, Ohio. Michael F. Barry, Chairman, CEO and President, commented that “G.W. Smith is an excellent strategic fit for Quaker as it is complementary to our existing business. Since its founding over 70 years ago, G.W. Smith has earned a reputation as a high quality die cast lubricant and metalworking fluid supplier. Many of our customers have die casting and related operations. We are excited at the prospect of offering G.W. Smith’s complementary product line to our existing customers, both in the U.S. and globally, as well as offering our metalworking products to G.W. Smith’s customers.” The acquisition of G.W. Smith will be accretive in the first year, he said. Quaker Chemical is a leading global provider of process chemicals, chemical specialties, services, and technical expertise to a wide range of industries — including steel, automotive, mining, aerospace, tube and pipe, coatings, and construction materials. (October 4, 2011)