Houghton International Inc. (Valley Forge, Pa.; www.houghtonintl.com) announced today that it has acquired Wallover Enterprises, a North American metalworking fluid and industrial lubricant manufacturer headquartered in Strongsville, Ohio. This acquisition marks Houghton’s latest strategic investment in the specialty metalworking and industrial fluids segment that enables the company to better serve North American manufacturers.
Wallover produces and sells a diverse portfolio of fluid products into industrial end markets throughout the U.S. and Canada and provides advanced technical and applications expertise in electrical discharge machining (EDM) fluids and stainless steel cold rolling oils. The company’s specialty fluid products, sales teams and technology resources will complement and expand Houghton’s advanced fluid solutions for its customers in North America.
“The combination of these two businesses will provide a broader product portfolio and stronger industry expertise and innovation to our combined customer base,” said Jeewat Bijlani, President of Houghton Americas. Both Houghton and Wallover have succeeded in serving the metalworking fluids market for over 150 years through their commitment to product innovation and customer success. Houghton will continue this commitment to improving customers’ operations and performance with advanced fluid solutions.
Terms of the Wallover transaction were not disclosed.