Dipsol has a strong portfolio of products & services and a main position in the Japanese marketplace for plating chemicals
Quaker Houghton, the global chief in industrial procedures fluids, has entered right into a purchase settlement to accumulate Dipsol Chemicals (Dipsol) a main provider of surface treatment and plating solutions and services mainly for the automotive and different industrial applications, for 23 billion JPY (~$153 million at present rates), subject to post-closing adjustments.
Dipsol is headquartered in Japan and manages globally with sales of approximately $82 million over the 12-month period ending December 31, 2024. The buying price describes a multiple of about 10.5x Dipsol’s pursuit 12 month calculated adjusted EBITDA of approximately $15 million.
Joseph Berquist, Chief Executive Officer and President stated, “The acquisition of Dipsol shows our potential to utilize our strong financial position to make strategic funding with a purpose to accelerate growth and create shareholder value. Dipsol provides Quaker Houghton with leading product technologies that complement our technical service model and upload skills and breadth to our differentiated portfolio of advanced soluitons.”
Dipsol was set up in 1953 and is centered in Japan. The enterprise has a sturdy portfolio of services and products and a main function in the Japanese market for plating chemicals. Dipsol has approximately 450 employees globally, and a global presence with manufacturing and R&D facilities in Asia, North America, and Europe.
Berquist remained “Dipsol as a market chief, highly progressive and has a longtime market position and sturdy customer targets, particularly in the Asia-Pacific region. The acquisition will assist amplify our improved solutions organizations in appealing end markets with strong increase traits and excessive limitations to entry. Dipsol gives significant cross-selling abilities and improves our potential to meet and exceed the requirements of our customers throughout the globe.”
The transaction is anticipated to close in the second quarter of 2025 and is difficulty to applicable regulatory approvals and certain other standard situations. Quaker Houghton anticipated to fund the buying charges for this acquisition with borrowings under its existing credit facility.
