Iran’s API Group I base oil exports face renewed pressure as the United States lobbies key allies to cease all imports of Iranian oil ahead of a Nov. 4 deadline for U.S. sanctions to be reinstated. read more
July 10, 2018
Volume 1 Issue 28
Quaker Updates Timing on Houghton Deal
Quaker Chemical said yesterday it is in discussion with the European Commission and the United States Federal Trade Commission regarding its combination with Houghton International – now expected to close in the fourth quarter of 2018. Based on these discussions, Quaker expects the remedy will involve a divestment of some product lines which, in total, are approximately 3 percent or less of the revenues of the combined company, consistent with Quaker's original projections and previous comments. The company said it is in discussions with potential buyers for the product lines to be divested and intends to present a remedy that meets the needs of both regulatory authorities in the third quarter.