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EU: EC approves acquisition of Houghton by Quaker, with conditions

By  |  December 12, 2018

The European Commission has approved, under the EU Merger Regulation, the acquisition of Houghton by Quaker, both producers of industrial lubricants. The decision is conditional on the divestment of Houghton’s EEA businesses related to certain lubricants used to produce steel and aluminium.

Quaker and Houghton are both active globally in the development, production and marketing of industrial lubricants. In particular, both companies are active in the supply of rolling oils.

The Commission was concerned that the takeover, as originally notified, would lead to a loss of competition in the markets for the supply of certain rolling oils in the European Economic Area (EEA).

Full Content: Reuters

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