Total Expands With Acquisition
Total Lubrifiants, announced it is acquiring Houghton International’s aluminum hot rolling oil (AHRO), steel cold rolling oil (SCRO) and tinplate rolling oil (TPRO) business in North American and Europe. The transaction includes associated technical support services.
“We believe that this acquisition will create value both for Total and our customers from these industries. It will strengthen our position in the industrial lubricants market, which is an important part of our strategic vision for the future,” said Philippe Charleux, Senior Vice President, Lubricants and Specialties at the Marketing and Services Division of Total. “Geographically we are strengthening our strong presence in Europe and expanding our activities and market penetration in North America, especially the U.S.A.”