Gulf Oil Corporation, a Hinduja Group company, has completed the acquisition of 100% stake Houghton International for $1.045 billion. The acquisition makes Gulf the world's ninth-largest lubricant company. In a press release, Gulf Oil said that it will operate Houghton as a separate company and the rest of Gulf’s operations will be able to leverage Houghton’s large base of industrial customers to offer them a complete range of lubricants.
Out of major seven companies, a Gulf Oil
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