IHS Chemical Week

Regions :: North America

India's Gulf Oil to buy Houghton International for $1.05 billion

11:43 AM MST | November 7, 2012 | Vincent Valk

Gulf Oil Corporation (Hyderabad, India) has agreed to buy specialty chemical manufacturer Houghton International (Valley Forge, PA) from private equity firm AEA Investors (New York) for $1.05 billion, the company says. Houghton recoreded $858 million in sales and $132 million in Ebitda for the 12 months ended 30 September, Gulf says.   Gulf, a lubricants and industrial explosives maker, is controlled by the Hinduja Group (Hyderabad, India), a conglomerate run by the billionaire Hinduja brothers. Houghton makes lubricants, oils, and other specialty chemicals...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa