Quaker Chemical has proceeded into further discussions with the European Commission and Federal Trade Commission in regards to its impending merger with Houghton International.
From these talks, Quaker Chemical anticipates the merger will involve a divestment of select product lines which, in total, make up approximately 3% or less of the combined company revenues. This step is consistent with Quaker’s original projections and previous discussions with Houghton. Quaker is also in talks with potential buyers for the product lines to be divested and intends to “present a remedy that meets the needs of both regulatory authorities in the third quarter.”