Quaker Chemical Announces Epmar Corporation Acquisition
CONSHOHOCKEN, Pa., April 22 -- Quaker Chemical Corporation today announced it has completed the acquisition of Epmar Corporation. Epmar manufactures polymeric coatings, sealants, adhesives, and various other compounds and has polymer technology capability that is directly related to prospective advances in Quaker's coatings business. Terms of the purchase were not disclosed.
Epmar Corporation, a privately held business with 32 employees, has annual revenues of approximately $7 million that have grown at a compounded average growth rate of 11% over the past 14 years. Included in the transactions are Epmar's commercial and manufacturing operations located in Santa Fe Springs, California.
Ronald J. Naples, Chairman and Chief Executive Officer, stated, "Epmar is a successful company with a history of profitability and growth. What is particularly important and promising is that Epmar's technologies strategically strengthen Quaker's global leadership supply position in chemical milling maskants to the aerospace industry. In addition, we expect the acquisition will have excellent long-term financial returns and will be slightly accretive this year."
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