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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...

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