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Stock Market & Financial Investment News

News Breaks
August 15, 2014
09:02 EDTKWRQuaker Chemical acquires ECLI Products for $52M
Quaker Chemical announced that it has acquired ECLI Products, a specialty grease manufacturer, headquartered in Aurora, Illinois for $52M. The company specializes in greases for OEM first-fill customers across several industry sectors, including automotive, industrial, aerospace/military, electronics, office automation and natural resources, with estimated 2014 EBITDA of $7M. This transaction is consistent with Quaker's strategy to increase shareholder value through acquisitions and to complement Quaker's 2010 entry into the specialty grease market with the acquisition of Summit Lubricants.
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