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Houghton International to join global Gulf Oil family

Gulf Oil Corporation, part of the Hinduja Group, has reached an agreement to acquire Houghton International.



Houghton, a supplier of metal working fluids, will join a portfolio of global brands owned by the Hinduja group including Ashok Leyland (truck and bus manufacturing) and Gulf Oil International (production and marketing of gasoline, lubricants, greases and other materials for industrial applications).

The acquisition of Houghton will be made by a UK registered 100 per cent owned subsidiary of Gulf Oil Corporation.

“This is an extremely exciting development and we are delighted to welcome Houghton International and its highly talented and committed staff to the global Gulf family,” says Gulf Oil International vice president Frank Rutten.

Houghton will be operated as a standalone sister company to Gulf Oil Corporation.

“The Houghton brand, its products, and its global market leadership position in metal working fluids are all outstanding. Our aim is to leverage the capabilities of Houghton and Gulf to expand geographic coverage, grow sales and distribution networks, and strengthen our manufacturing footprint for improved service and support to our customer networks,” says Rutten

It is expected that this transaction will close by the end of the year.

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