Sifco ASC Welcomes New Ownership
Quaker Houghton has acquired Norman Hay PLC, a private UK company that provides specialty chemicals, operating equipment and services to industrial end markets.
Quaker Houghton has acquired the operating divisions of Norman Hay PLC, a private UK company that provides specialty chemicals, operating equipment and services to industrial end markets.
The brands acquired include Sifco ASC, a provider of surface treatment solutions through selective electroplating, anodizing, chemical solutions and engineering solutions; and Surface Technology, a specialty provider of surface treatment solutions, including coatings, thermal sprays, plating and other ancillary services.
“This acquisition represents an opportunity to add new technologies with good growth characteristics in attractive core market segments with high barriers to entry, such as die casting, automotive OEM and aerospace,” says Michael Barry, chairman, chief executive officer and president of Quaker Houghton.
“We also believe it provides a strategic opportunity to take advantage of external market trends, such as the lightweighting of vehicles and 3D printing, where we have the opportunity to leverage our global footprint and complementary geographic strengths,” he says.
Norman Hay PLC was established in 1946 as a decorative electroplating business and has evolved into a global specialty chemicals sealant, surface coatings and engineering group. The company is headquartered in Coventry, England. The company has approximately 400 employees with production and R&D facilities across Europe and the United States.