QUAKER CHEMICAL Business Summary

Quaker Chemical Corporation, operating as Quaker Houghton (NYSE: KWR), is the global leader in the formulation, production, and marketing of industrial process fluids. The company generates revenue through a high-touch value-added model that combines the sale of specialty chemical products—such as metal removal fluids, rolling lubricants, and hydraulic fluids—with its proprietary Chemical Management Services (CMS). This service-oriented approach embeds technical experts directly into customer operations to optimize fluid performance and reduce total cost of ownership, creating high switching costs. Business operations are geographically segmented into the Americas, EMEA, and Asia/Pacific, serving critical heavy industrial sectors including steel, aluminum, automotive, aerospace, and mining. Within the specialty chemicals market, Quaker Houghton maintains a dominant niche position, competing directly against the FUCHS Group, Innospec, H.B. Fuller, and MacDermid Enthone by leveraging its superior process knowledge and customized service wrapper. Following the transformative 2019 merger of Quaker Chemical (est. 1918) and Houghton International (est. 1865), the company is currently led by Chief Executive Officer Joseph A. Berquist, a veteran who joined the firm in 1997 and previously served as Chief Commercial Officer. The executive team includes EVP and CFO Tom Coler, who brought extensive finance experience from Savage Corporation and H.B. Fuller upon joining in 2024, and Jeewat Bijlani, the EVP and Chief Growth Officer. Recent strategic appointments include Christine Johnson as Chief Transformation Officer, formerly a partner at McKinsey & Company, and Dr. Kevin Meagher, who joined in early 2026 from Axalta to lead R&D for Advanced Solutions. The company’s board is notably influenced by its largest shareholder, the Hinduja Group, represented by Sanjay Gopichand Hinduja, Chairman of Gulf Oil International, who has served as a director since the 2019 combination.