On 1 April 2025, NYSE listed Quaker Chemical Corporation (“Quaker Houghton”) announced the completion of its acquisition of Dipsol Chemicals Co., Ltd. (“Dipsol”), a Japanese-based corporation with production and R&D facilities in Asia, North America and Europe. Dipsol is a leading supplier of surface treatment and plating solutions and services primarily for the automotive and other industrial applications, for approximately USD$153 million. Building on Dipsol’s cutting-edge technologies and established market position, particularly in the Asia-Pacific region, the deal strengthens Quaker Houghton’s advanced solutions portfolio globally.
 
Skrine acted as Malaysian counsel to Quaker Houghton in the transaction. DLA Piper Tokyo Partnership was the lead international counsel.
 
The Skrine team was led by Partner Sheba Gumis, together with Senior Associate Joey Tiw. They were supported by Associates Faith Chan and Sarah Aida.
 
Media coverage of the transaction can be accessed at:
 
Quaker Houghton Completes its Acquisition of Dipsol Chemicals
 
Quaker Houghton To Acquire Dipsol Chemicals For JPY 23 Bln
 
Quaker Houghton Acquires Dipsol Chemicals, Strengthening Advanced Solutions Portfolio
 
Quaker Houghton Expands Advanced Solutions Portfolio Through its Acquisition of Dipsol Chemicals