Deepens its Leadership in Metalworking Fluids and Industrial Lubricants- says Sanjay Hinduja
Mumbai, July 8th 2016: Houghton International Inc., subsidiary of Gulf Oil International, a Hinduja Group Company, announced today that it has acquired Wallover Enterprises, a North American metalworking fluid and industrial lubricant manufacturer, incorporated in 1863 and headquartered in Strongsville, Ohio. 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 Mr. 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 Mr. Jeewat Bijlani, President of Houghton Americas.
Wallover produces and sells a diverse portfolio of fluid products into industrial end markets throughout the U.S. and Canada and 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.
Terms of the Wallover transaction were not disclosed.
About Gulf Oil Lubricants India Limited
Gulf Oil Lubricants India Limited (GOLIL), part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc. Today, the Gulf brand is present in more than 100 countries across five continents with values of ‘Quality, Endurance & Passion’ as its core attributes. The Gulf Oil International Group’s core business is manufacturing and marketing an extensive range consisting over 400 performance lubricants and associated products for all market segments.