Houghton International acquires Wallover Oil
Houghton International Inc. announced that it has acquired Wallover Enterprises, a metalworking fluid and industrial lubricant manufacturer headquartered in Strongsville, Ohio, U.S.A. Terms of the Wallover transaction were not disclosed.
“This acquisition enables Houghton to expand and improve its 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.”
Chartered in 1863, Wallover is one of the oldest independent metalworking fluids manufacturers in the United States. With three state-of-the-art manufacturing facilities, Wallover produces and sells a diverse portfolio of fluid products into industrial end markets throughout the U.S. and Canada. It provides advanced technical and applications expertise in electrical discharge machining (EDM) fluids and stainless steel cold rolling oils.
The company’s specialty fluid products, sales teams and technology resources will complement and expand Houghton’s advanced fluid solutions for its 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,” said Jeewat Bijlani, president of Houghton Americas.
Houghton International is a global leader in delivering advanced metalworking fluids and services for the automotive, aerospace, metals, mining, machinery, offshore and beverage industries. Headquartered in Valley Forge, Penn., U.S.A., Houghton operates research, manufacturing and office locations in 33 countries around the world. It was acquired by Gulf Oil Corporation Limited, which is part of Indian conglomerate Hindjua Group, for USD 1.045 billion in 2012.