Quaker Chemical Acquires NP Coil Dexter Industries; Terms Not Disclosed
Quaker Chemical Corporation (NYSE: KWR) announced today that it has purchased NP Coil Dexter Industries S.r.l., a leading European manufacturer and supplier of metal surface treatment products. Terms of the purchase were not disclosed.
NP Coil Dexter's proprietary formulations of metal surface treatment products include pretreatment products used to prepare the metal surface prior to painting and other finishing processes. Metal pretreatments provide enhanced corrosion protection and improve paint adhesion. These products are used in the steel coil industry and general industrial markets, including automotive, appliance, and equipment applications. Included in the transaction are NP Coil Dexter's commercial and technical operations and a leased manufacturing facility. NP Coil Dexter is a privately held company based in Gorgonzola, Italy with annual revenues of approximately $11 million.
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