Houghton To Shed Assets From DA Stuart Deal

Law360, New York (July 14, 2010, 7:29 PM EDT) -- Houghton International Inc. has settled a case brought by the Federal Trade Commission alleging its 2008 acquisition of DA Stuart GmbH reduced competition in the aluminum hot rolling oil market in North America, agreeing to divest some of the assets it purchased.

The company, which is owned by AEA Investors 2006 Fund LP, entered a consent agreement to bring an end to the agency’s administrative proceeding and planned to sell DA Stuart’s AHRO business to Quaker Chemical Corp., according to an FTC announcement Wednesday.

Houghton, the...
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