Houghton International Inc. has signed an agreement to acquire D.A. Stuart Co., bringing together two key metalworking fluid manufacturers. Both companies are privately held, and terms of the transaction were not disclosed.
This acquisition will bring together two complementary organizations that can benefit from shared efficiencies and the integration of best practices, said Houghton International Chief Executive Officer Paul DeVivo. An affiliate of private equity investment firm AEA Investors LLC acquired Houghton in December 2007.