KWR Wraps Up Dipsol Chemicals Buyout & Announces Natech Acquisition

Quaker Chemical Corporation (KWR) recently completed the acquisition of Dipsol Chemicals Co., Ltd., a prominent supplier of surface treatment and plating solutions mainly for the automotive and other industrial sectors, for JPY 23 billion (roughly $153 million). Based in Japan, Dipsol operates worldwide, having generated around $82 million in revenues for the 12 months ended Dec 31, 2024. The acquisition value reflects a multiple of about 10.5 times Dipsol's trailing 12-month estimated adjusted EBITDA of ap ...