Quaker Chemical Corporation (Quaker), a US listed company providing chemical and metal solutions with a subsidiary in Barcelona, has acquired Navarre company Verkol S.A., a leader in the industrial lubricant sector. The sales agreement closed at €36.5 million.

The acquisition is part of the US multinational company's plans to expand in Europe and extend its lubricant manufacturing and distribution network.

Through the joint work of the San Sebastián and Barcelona offices, Cuatrecasas, Goncalves Pereira has advised Quaker on acquiring Verkol. Partners Víctor Xercavins and Pablo Paisán (Corporate and Commercial Practice), senior associates Isabel Gandoy (Corporate and Commercial) and Iker Prior (Labor and Employment Practice), and associate Gonzalo Palacio (Labor and Employment Practice) led the transaction.