Gulf Oil Corporation Limited (GOCL), a Hinduja Group company, on Wednesday announced the complete acquisition of US-based Houghton International for $1,045 million. The acquisition was carried out through GOCL's subsidiary in the UK.
Houghton products are sold in about 75 countries. The company has 12 manufacturing facilities across 10 countries. For the year ended September, it had reported sales of $858 million.
GOCL would operate Houghton as a separate company and its operations would be able to leverage Houghton's base of industrial customers and offer them an end-to-end
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