Houghton International, acquired by GOCL Corporation, and Quaker Chemical Corporation have received approval from the United States Federal Trade Commission (US FTC) for their combination; this was the final approval required; and the approval is subject to the divestiture of certain product lines comprising approximately three percent of combined company revenue.
GOCL Corporation, the Hinduja Group's listed entity, owns 10% equity of Houghton International through its UK based wholly owned subsidiary, HGHL Holdings, UK (HGHL).
GOCL Corporation is the parent company of Gulf Oil Corporation, which was restructured to carve out a separate listed entity for lubricants.
