Quaker Houghton acquires Dipsol Chemicals to enhance advanced solutions portfolio

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Dipsol has a strong portfolio of products and services and a leading position in the Japanese electroplating chemicals market

Quaker Houghton, the world's leading industrial process fluid company, has entered into a purchase agreement to acquire Dipsol Chemicals(Dipsol), a leading provider of surface treatment and electroplating solutions and services for automotive and other industrial applications, for 23 billion yen (approximately US $0.153 billion at current exchange rates). The purchase price is subject to adjustment after the transaction. Dipsol is headquartered in Japan and has operations worldwide, with revenue of approximately $82 million million for the twelve months ended December 31, 2024. The purchase price is approximately 10.5 times Dipsol's estimated adjusted EBITDA of approximately $15 million over the past twelve months. "The acquisition of Dipsol demonstrates our ability to leverage our strong financial position to make strategic investments that accelerate growth and create shareholder value," said Joseph Berquist, CEO and President. "Dipsol provides Quaker Houghton with leading product technologies that complement our technology service model and enhance the capabilities and breadth of our differentiated portfolio of advanced solutions." Dipsol was founded in 1953 and is headquartered in Japan. The company has a strong portfolio of products and services and holds a leading position in the electroplating chemicals market in Japan. Dipsol employs approximately 450 people worldwide and operates worldwide, with production and R & D facilities in Asia, North America and Europe. Berquist continued: "Dipsol is a market leader, highly innovative, with a solid market position and strong customer focus, especially in the Asia-Pacific region. This acquisition will help us expand our advanced solutions business in attractive end markets with solid growth characteristics and high barriers to entry. Dipsol provides strong cross-selling capabilities and enhances our ability to meet and exceed the needs of our global customers." The transaction is expected to close in the second quarter of 2025 and is subject to regulatory approvals and certain other customary conditions. Quaker Houghton expects to use borrowings under its existing credit facilities to pay the purchase price of the acquisition.

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