Quaker Houghton, a global leader in industrial process fluids, has announced its agreement to acquire Dipsol Chemicals Co., Ltd., a prominent provider of surface treatment and plating solutions primarily serving the automotive and industrial sectors. The acquisition, valued at 23 billion JPY (~$153 million at current exchange rates), is subject to post-closing adjustments and is expected to be finalized in the second quarter of 2025, pending regulatory approvals and customary conditions.

Headquartered in Japan, Dipsol operates on a global scale and reported approximately $82 million in revenue for the twelve months ending December 31, 2024. The purchase price reflects a valuation of approximately 10.5 times Dipsol's estimated adjusted EBITDA of around $15 million over the same period.

Joseph Berquist, Chief Executive Officer and President of Quaker Houghton, emphasized the strategic significance of the acquisition, stating, "The addition of Dipsol reinforces our ability to leverage our strong financial position for strategic investments that accelerate growth and enhance shareholder value. Dipsol brings leading product technologies that align with our technical service model, strengthening our portfolio of advanced solutions."

Founded in 1953, Dipsol has established itself as a key player in the Japanese market for plating chemicals, boasting a strong portfolio of innovative products and services. The company has a workforce of approximately 450 employees worldwide and maintains a robust global presence with production and R&D facilities across Asia, North America, and Europe.

Berquist further highlighted the benefits of the acquisition, noting, "Dipsol is a highly innovative market leader with a strong customer focus, particularly in the Asia-Pacific region. This acquisition will enhance our ability to expand into high-growth markets with significant barriers to entry. Additionally, Dipsol's expertise strengthens our cross-selling opportunities, allowing us to better serve our customers worldwide."

Quaker Houghton intends to finance the acquisition through borrowings under its existing credit facility. With this strategic move, the company aims to broaden its capabilities in surface treatment and plating solutions, reinforcing its position as a leading provider of advanced industrial solutions across global markets.

Quaker Houghton is a global leader in industrial process fluids, serving customers across more than 25 countries. The company supports thousands of the world’s most advanced and specialized businesses in industries such as steel, aluminum, automotive, aerospace, offshore, container, mining, and metalworking.

Renowned for its high-performance, innovative, and sustainable solutions, Quaker Houghton combines cutting-edge technology, deep process expertise, and tailored services to drive operational excellence. With a team of approximately 4,400 professionals, including chemists, engineers, and industry specialists, the company collaborates closely with customers to enhance efficiency and optimize performance in an ever-evolving industrial landscape.

Headquartered in Conshohocken, Pennsylvania, near Philadelphia, Quaker Houghton continues to lead the industry with a commitment to innovation and customer success.