Houghton International

Houghton International, a subsidiary of the Hinduja Group's Gulf Oil International has entered into a definitive agreement to combine with Quaker Chemical.

Hinduja group acquires US based- Houghton Int'l for $1bn

The Hinduja group has done some christmas shopping for a whopping 1 billion dollars. Gulf oil which is owned by the Hinduja group, has acquired US based Houghton International. This will make them the ninth largest in the lubricant space, reports CNBC-TV18‘s Sajeet Manghat.

Gulf Oil acquires Houghton International for over USD 1 bn

Hinduja Group firm Gulf Oil said it has completed its acquisition of US-based Houghton International for USD 1.045 billion (about over Rs 5,747 crore) after conclusion of necessary regulatory approvals.

Gulf Oil Corp buys US-based Co for $1bn; stock down

Hinduja's Gulf Oil Corporation has acquired US-based Houghton International for USD 1 billion, reports CNBC-TV18. At 09:20 hrs Gulf Oil Corporation was quoting at Rs 83.55, down Rs 2.80, or 3.24%.