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Regions :: North America :: Mexico

Quaker Buys Remaining Ownership in Mexican Affiliate

1:51 AM MDT | July 13, 2011 | Natasha Alperowicz

Quaker Chemical Corp., (Conshohocken, PA), has acquired the remaining ownership interest in its Mexican affiliate, TecniQuimia Mexicana. Quaker paid $10.5 million in cash for the 60% interest it did not previously own, with an additional $2.0 million payable in July 2012, subject to certain conditions.  Quaker had been a joint venture partner in TecniQuimia Mexicana for more than 40 years. "With this acquisition, we will further strengthen our position in Mexico – a market that is expected to experience above average growth over the next several...

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