Quaker Chemical Corp. said on Tuesday that it bought lubricants maker G.W. Smith & Sons Inc. to complement its existing product offerings. The price was not disclosed.
Quaker, a Conshohocken, Pa., chemicals manufacturer, said it could sell G.W. Smith's products to its existing customers. G.W. Smith makes lubricants used in the manufacture of metal parts.
G.W. Smith, based in Dayton, Ohio, has net sales of about $14 million. It will operate as a subsidiary of Quaker, which posted net revenue of $544.1 million in 2010.
Quaker shares added 17 cents to $24.62 in morning trading.