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Chemical Week Magazine :: Business & Finance :: United States/Americas
Quaker acquires specialty grease maker ECLI
6:22 AM MDT | August 29, 2014 | —Rebecca Coons
Quaker Chemical announced on 15 August that it has acquired specialty grease manufacturer ECLI Products (Aurora, IL) for $52 million. ECLI, with an estimated 2014 Ebitda of $7 million, specializes in greases for original equipment manufacturing first-fill customers across several industry sectors, including automotive, industrial, aerospace/military, electronics, office automation, and natural resources, Quaker says. The deal is consistent with the company’s strategy to increase shareholder value through acquisitions and complement its 2010 entry into the...
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