September 18, 2019
Volume 2 Issue 38
John Banach, vice president, base oil sales, retired from Calumet Specialty Products Partners L.P. on Sept. 1 after 49 years of service. His son Bart Banach, who joined the company in 2009, was promoted to sales director, base oils on Sept. 1. The Federal Trade Commission approved a final order settling charges that Quaker Chemicals $1.4 billion acquisition of Houghton International is anticompetitive. Under the final order, Quaker is required to divest Houghtons North American aluminum hot rolling oil and steel cold rolling oil product lines and related assets to Total, and the proposed settlement agreement also requires Quaker to divest to Total certain related product lines, including steel cleaners and AHRO-compatible hydraulic fluids.