Houghton International Inc.
Gulf Oil Corporation Limited (GOCL), through its subsidiary in the United Kingdom, acquired a 100% stake in Houghton International Inc. in November 2012. Houghton has a global footprint with sales in more than 75 countries, which are supported by 12 manufacturing facilities in 10 countries. The acquisition fits extremely well with Gulf Oil's lubricant portfolio. Houghton has a very strong industrial portfolio, which perfectly complements Gulf Oil's very strong presence in the automotive lubricant sector.
GOCL will operate Houghton as a separate company while the rest of Gulf Oil's operations leverage Houghton's extensive base of industrial customers to offer them a complete end-to-end range of lubricants and, in addition, various synergies that can be achieved in manufacturing, strategic sourcing and distribution.
With a scale and a global market position nearly double that of its nearest competitors; Houghton holds the first position in both North America and Europe and second position in the fast-growing Asian market.