David Althoff
Managing Director
Industrials Investment Banking
Chicago
Sell Side Advisor
The Industrials M&A Practice of Duff & Phelps, A Kroll Business, Advised Coral Chemical Company on Its Sale to Quaker Chemical Company
On December 22, 2020, Coral Chemical Company (“Coral” or the “Company”), sold to Quaker Chemical Company d/b/a Quaker Houghton (“Quaker Houghton” or QH). Quaker Houghton is a publicly-traded company listed on the New York Stock Exchange NYSE:KWR.
Duff & Phelps served as exclusive financial advisor to Coral in connection with the transaction.
About Coral Chemical Company
Founded in Waukegan, Illinois in 1953 by the Schueneman family, Coral provides specialty pretreatment chemicals, lubricants and environmental solutions to beverage can and industrial customers across North America. The Company has been an integral partner for start-to-finish industrial chemical solutions for over 65 years offering unparalleled technology, service and flexibility standards. The Company operates out of headquarters in Zion, Illinois supplemented by an additional facility in Waukegan, Illinois and strategically located distribution warehouses throughout the Midwest, Southeastern U.S. and California. Vedder Price served as legal counsel to Coral Chemical Company.
About Quaker Chemical Company
Founded in 1918, Quaker Houghton is a global leader in industrial process fluids, continually improving and innovating for the world’s leading steel, aluminum, automotive, aircraft, machinery and industrial parts manufacturers. QH operates globally with presence in 49 countries around the world and entrenched relationships with customers and suppliers across all geographies. Quaker Houghton was formed in 2017 with the combination Quaker Chemical Corporation and Houghton International. Fox Rothschild LLP served as legal counsel to Quaker Chemical Company.
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