Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Quaker buys out partner in Australian joint venture
10:06 AM MDT | July 7, 2014 | —Deepti Ramesh
Quaker Chemical (Conshohocken, PA) says that it has acquired the remaining 49% stake in its Quaker Chemical Australasia (QCA; Seven Hills, Australia) affiliate from its joint venture partner Nuplex Industries (Sydney), for A$8 million ($7.5 million). QCA sells Quaker products to the metalworking, steel, tube and pipe, and mining industries in Australia and has associates based in various locations around the country. Nuplex has entered into a deal with Quaker to continue to be its Australian manufacturer for the next five years, Nuplex says. “Australia is a...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee