Quaker Houghton Plans $153M Acquisition of Dipsol Chemicals

Quaker Houghton has announced its agreement to acquire Dipsol Chemicals, a Japanese supplier of surface treatment and plating solutions, for approximately ¥23 billion ($153 million). The acquisition aims to enhance Quaker Houghton's portfolio with advanced product technologies and expand its presence in the Asia-Pacific market, particularly within the automotive and industrial sectors. CEO Joseph Berquist emphasized that Dipsol's innovative offerings and established market position would complement Quaker Houghton's technical service model and create significant cross-selling opportunities. The deal, expected to close in the second quarter of 2025, will be funded through debt and is subject to regulatory approvals. Dipsol, which has around 450 employees and reported revenues of about $82 million last year, will help bolster Quaker Houghton’s competitive edge in high-barrier markets. This strategic move reflects Quaker Houghton’s commitment to growth and shareholder value creation.