Quaker acquires metalworking fluid specialist in Canada
Quaker Chemical Corporation (NYSE: KWR) announced yesterday that it has acquired Lubricor Inc., a metalworking fluids manufacturer headquartered in Waterloo, Ontario, Canada. Lubricor manufactures and markets value-added metalworking products such as synthetic and semi-synthetic coolants, hydroforming fluids, and stamping products. The company sells directly to North American customers, primarily Tier 1 and Tier 2 Automotive suppliers.
Joe Berquist, Vice President and Managing Director of Quaker North America, commented, “With the addition of Lubricor’s technology, we will have a broader offering to serve our customers. Lubricor has a full portfolio of coolants that complement our existing product line. Their position in hydroforming and stamping brings some different technology to us that we are excited to share with our customers. Furthermore, Lubricor is known for their great customer service. Culturally, our two companies are a great fit.”
Lubricor Inc. was established in 1998. The company has nearly 30 employees, who are mainly based at the headquarters and manufacturing plant in Waterloo, with a sales presence throughout North America and distributor relationships in South East Asia.