UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
December 31, 2010
Date of Report (Date of earliest event reported)
QUAKER CHEMICAL CORPORATION
(Exact name of Registrant as specified in its charter)
Commission File Number 001-12019
PENNSYLVANIA | No. 23-0993790 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
One Quaker Park 901 E. Hector Street Conshohocken, Pennsylvania 19428 |
(Address of principal executive offices) |
(Zip Code) |
(610) 832-4000 |
(Registrant’s telephone number, including area code) |
Not Applicable
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 1.01. Entry into a Material Definitive Agreement.
Summit is a 47-employee, North American manufacturer and distributor of specialty greases and lubricants. Summit’s proprietary formulations encompass a broad spectrum of specialty greases which are sold through major grease distributors. Additionally, it is a sole supplier of several products utilized in military applications. Summit also performs grease toll manufacturing for third parties and will operate as a stand-alone subsidiary of Company. Included in the transaction are Summit’s commercial operations and two manufacturing operations located in Batavia, New York.
The Agreement contains customary representations, warranties and covenants made by the Company and Summit. Quaker funded the acquisition, which closed on December 31, 2010, through available cash balances and borrowings from its revolving credit facility.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is included as part of this report.
Exhibit No.
99.1 Press Release of Quaker Chemical Corporation dated January 3, 2011.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
QUAKER CHEMICAL CORPORATION | ||||
Date: January 3, 2011 | By: | /s/ Mark A. Featherstone | ||
Mark A. Featherstone Vice President and Chief Financial Officer | ||||
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