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Houghton International Inc. Acquires Bencyn, Inc. to Expand Its
Chemical Management Business
VALLEY FORGE, Pa.--Jan. 11, 2000-- The acquisition compliments Houghton International's FLUIDCARE(R) program by combining its robust product line with Bencyn's chemical management expertise. Houghton International Inc., a global leader in industrial fluids and fluid management services, today announced the acquisition of Bencyn, Inc., a specialist in the management of metalworking and specialty chemical fluid processes. Houghton will leverage Bencyn's decade-long leadership in the metalworking, specialty chemicals, and fluid management services industries to improve its chemical management program. Bencyn is dedicated to timely, focused expertise on manufacturing processes where chemical products impact production. Specialists at Bencyn's Lafayette, Indiana headquarters focus on creating management systems that reward process control, not chemical usage.They have developed innovative programs that enhance production processes and improve the successful control of fluids impacting production. "Bencyn's strong position in chemical management, specifically in the automotive industry, complements Houghton's well-respected product line and excellent global reputation," said Brenan. "We look forward to incorporating our expertise in Houghton FLUIDCARE." "The acquisition demonstrates Houghton International's commitment to developing and implementing total chemical management solutions," said William Pearcy, President of the Metalworking Division at Houghton. "By integrating Bencyn's fluid management expertise with Houghton's complete industrial fluid product line, we can expect to greatly improve our ability to optimize manufacturing processes." Houghton's chemical management offers industry a comprehensive program expert fluid analysis, product selection assistance, inventory control, ongoing technical support, employee training, and fluid disposal and recycling. This program offers new ways for customers to save on overall processing and disposal costs and increase processing performance. Since 1865, Houghton International Inc. has been serving the metalworking, automotive and steel industries along with a variety of other markets with the development and production of specialty chemicals, oils, and lubricants. Headquartered in Valley Forge, Pennsylvania, Houghton maintains manufacturing and research facilities throughout the world. Houghton's worldwide capability enables it to meet industry's needs for safer, effective industrial processing with high quality service and technology throughout the world. |