GOCL Corporation’s Houghton International has entered into a definitive agreement to combine with Quaker Chemical (KWR) to create a global leader in the space of process fluids, chemical specialties, and technical expertise to the global primary metals and metal working industries. The Hinduja conglomerate will be the largest shareholder in the combined public company.
Houghton International is a subsidiary of the Hinduja Group’s Gulf Oil International. GOCL Corporation, an Indian listed entity of the Hinduja Group owns 10% equity in Houghton International, through its UK based subsidiary, HGHL Holdings, UK (HGHL) will be entitled to around 2% in the combined entity.
GOCL Corporation is the parent company of Gulf Oil Corporation, which was restructured to carve out a separate listed entity for lubricants.
