Quaker Chemical Corporation Prices Public Offering of Common Stock


CONSHOHOCKEN, Pa., May 5, 2011 - Quaker Chemical Corporation (NYSE: KWR) today announced the pricing of an underwritten public offering of 1,100,000 shares of its common stock, offered at a price to the public of $40.50 per share. Quaker has granted the underwriters a 30-day option to purchase up to an aggregate of 165,000 additional shares of common stock to cover overallotments, if any. All of the shares in the offering are to be sold by Quaker. The offering is expected to close on or about May 10, 2011, subject to customary closing conditions.

Jefferies & Company, Inc. is acting as sole book-running manager for the offering. Janney Montgomery Scott LLC is acting as co-lead manager for the offering. KeyBanc Capital Markets Inc. is acting as co-manager for the offering.

Quaker intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its primary credit facility.

A shelf registration statement relating to the shares was filed with the Securities and Exchange Commission ("SEC") and is effective. A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website located at www.sec.gov. Copies of the final prospectus supplement relating to these securities, when available, may be obtained from Equity Syndicate Prospectus Department, Jefferies & Company, Inc., 520 Madison Avenue, 12th Floor, New York, NY, 10022, at 877-547-6340, and at Prospectus_Department@Jefferies.com.

About Quaker

Quaker Chemical Corporation is a global provider of process chemicals, chemical specialties, services, and technical expertise to a wide range of industries - including steel, aluminum, automotive, mining, aerospace, tube and pipe, coatings and construction materials.

SOURCE Quaker Chemical Corporation

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