Boardroom Alpha
10-K primary document
KWR · Annual Report (Form 10-K) · Filed February 23, 2026

Quaker Chemical Corp10-K exhibit

kwr-20251231xex21.htm
Document

EXHIBIT 21
SUBSIDIARIES AND AFFILIATES OF THE REGISTRANT
NameJurisdiction of IncorporationPercentage of Voting Securities Owned Directly or Indirectly by Quaker
*Quaker Houghton Argentina S.A.Argentina100%
+*Quaker Houghton Australia Pty. Ltd. (formerly Houghton Australia Party Ltd)Australia100%
*Surface Technology AustraliaAustralia100%
**Primex, Ltd.Barbados33%
+*Quaker Chemical Participacoes, Ltda.Brazil100%
*Quaker Chemical Industria e Comercio Ltda.Brazil100%
*Quaker Chemical Operacoes, Ltda.Brazil100%
+*Quaker Houghton Brazil Holdings Ltda. (Brazil)Brazil100%
*Ultraseal Asia LimitedBritish Virgin Islands100%
*Quaker Houghton Canada Inc. (formerly Lubricor, Inc.)Canada100%
*Quaker Chemical (China) Co. Ltd.China100%
*Quaker Shanghai Trading Company LimitedChina100%
+*Quaker Houghton Investment Management (Shanghai) Co., Ltd. (Formerly Quaker Chemical Investment Management (Shanghai) Co Ltd)China100%
*Quaker Houghton Material Science & Technology (Suzhou) Co LtdChina100%
*Wuhan Quaker Technology Co., LtdChina60%
*Houghton (Shanghai) Specialty Industrial Fluids Co., LtdChina100%
*Ultraseal Shanghai LimitedChina100%
*Dipsol (Shanghai) Trading Co., Ltd.China100%
*Houghton CZ s.r.oCzech Republic100%
+*Quaker Denmark ApSDenmark100%
*Tel Nordic ApSDenmark100%
*Quaker Houghton Denmark filial af Quaker Houghton Sales BV (formerly Quaker Houghton Denmark filial af Quaker Houghton Sales Europe BV)Denmark100%
*Quaker Houghton BV (formerly Quaker Chemical BV)Dubai100%
*Quaker Houghton Sales BV (formerly Quaker Houghton Sales Europe BV)Dubai100%
*SIFCO Concepts SarlFrance100%
*Quaker Houghton Support France EURL (formerly Quaker Chemical Services EURL)France100%
*Quaker Houghton Sales BV (formerly Quaker Houghton Sales Europe BV)France100%
*I.K.V Tribologie – IKVT SASFrance100%
*Quaker Houghton Production Deutschland Gmbh (formerly Houghton Deutschland GmbH)Germany100%
*Grindaix GmbHGermany100%
*Quaker Houghton Support DeutschlandGermany100%
*Ultraseal Germany GmbHGermany100%
*Internationale Metall Impragnier GmbHGermany100%
*Maldaner GmbHGermany100%
*Sterr & Eder Industrieservice GmbHGermany100%
*Quaker Houghton Sales BV (formerly Quaker Houghton Sales Europe BV)Germany100%
*I.K.V. Tribologie GmbHGermany100%
*Dipsol Europe GmbHGermany100%



NameJurisdiction of IncorporationPercentage of Voting Securities Owned Directly or Indirectly by Quaker
*Quaker Chemical LimitedHong Kong100%
*Houghton Magyarország KftHungary100%
*Quaker Chemical India Private LimitedIndia100%
*Houghton Hardcastle India LtdIndia9%
*DA Stuart India Private LimitedIndia100%
*Ultraseal India Private LtdIndia30%
*PT DIPSOL INDONESIAIndonesia100%
*Quaker Houghton Sales BV (formerly Quaker Houghton Sales Europe BV)Ireland100%
*Quaker Houghton Support Italia S.r.l. (formerly Quaker Chemical S.r.l.)Italy100%
*Houghton Italia S.p.A.Italy100%
*Quaker Houghton Sales Europe BV (formerly Quaker Houghton Sales Europe BV)Italy100%
*Quaker Houghton Japan, Co., Ltd.Japan100%
**Nippon Quaker Chemical, Ltd.Japan50%
*Sutai Co, Ltd., K.K.Japan100%
+*Quaker Houghton SPC, Inc.Japan100%
+*Toei Sangyo Co., Ltd.Japan100%
*Dipsol Chemicals Co., Ltd.Japan100%
*Surtec Kariya JapanJapan21.05%
*Quaker Houghton (Malaysia) SDN. BHD.Malaysia100%
*DIPSOL (M) SDN. BHD.Malaysia100%
+*Quaker Houghton (Finco) Ltd.Malta100%
+*Quaker Houghton Ltd.Malta100%
+*Quaker Houghton Holdings Ltd.Malta100%
+*Quaker Houghton Investments LimitedMalta100%
*Tecniquimia Mexicana S.A. de C.V.Mexico100%
*Unitek Servicios De Asesoria Especializad S.A de C.V.Mexico100%
*Lubricor Mexicana S.A. de C.V.Mexico100%
*DIPSOL MEXICO S. de R.L. de C.V.Mexico100%
*SURTEC & SUZUKI TECHNOLOGY MEXICANAMexico6.14%
+*Quaker Chemical Europe B.V.Netherlands100%
*Quaker Houghton B.V. (formerly Quaker Chemical BV)Netherlands100%
+*Quaker Houghton Russia B.V. (formerly Quaker Chemical Russia B.V.; KWR Holdings B.V.)Netherlands100%
+*Quaker China Holdings B.V.Netherlands100%
+*Houghton Europe BVNetherlands100%
+*QH Europe BVNetherlands100%
*Quaker Houghton Sales BV (formerly Quaker Sales Europe BV)Netherlands100%
*EFHCO BVNetherlands100%
**Kelko Quaker Chemical, S.A.Panama50%
*SURTEC PHILIPPINESPhilippines5.49%
*KARIYA LAND CORPPhilippines0.185%
*Houghton Polska Sp. Zo.o.Poland100%
*Ultraseal PortugalPortugal100%
+*Quaker Chemical Holdings South Africa (Pty) LimitedRepublic of South Africa100%
*Quaker Chemical South Africa (Pty.) LimitedRepublic of South Africa100%
*Houghton HoldingsRepublic of South Africa100%



NameJurisdiction of IncorporationPercentage of Voting Securities Owned Directly or Indirectly by Quaker
*Quaker Houghton South Africa (Pty) LimitedRepublic of South Africa100%
*Quaker Houghton Russia BVRussia100%
*Quaker Houghton Chemical and Lubricant Pte. Ltd (formerly Houghton Singapore)Singapore100%
**Korea Houghton CorporationSouth Korea50%
*Verkol S.A.U.Spain100%
+*Quaker Spain Holding, SLUSpain100%
*Houghton Iberica S.A.Spain100%
*Quaker Houghton Sales BV (formerly Quaker Houghton Sales Europe BV)Spain100%
*Quaker Houghton Production Sweden AB (formerly Binol AB)Sweden100%
*SIFCO Concepts SwedenSweden100%
*Quaker Houghton Sales BV (formerly Quaker Houghton Sales Europe BV)Sweden100%
*Quaker Houghton Taiwan Co. Limited (formerly Houghton Taiwan Co. Limited)Taiwan100%
*Quaker (Thailand) Ltd.Thailand100%
*Quaker Houghton Thailand (formerly Thai Houghton 1993 Co., Ltd)Thailand100%
*Sutai Thailand Co., Ltd.Thailand100%
*DIPSOL (THAILAND) CO., LTD.Thailand100%
**SURTECKARIYA (THAILAND) CO., LTD.Thailand30%
*Houghton Kimya Sanayi ASTurkey100%
*IKV Tribology (Turkey)
(IKV TRIBOLOGY YAGLAMA ÜRÜNLERI SANAYI VE TICARET LIMITED SIRKETI)
Turkey100%
*Houghton Ukraine ToVUkraine100%
*Quaker Chemical LimitedUnited Kingdom100%
+*Houghton Holdings LimitedUnited Kingdom100%
*Houghton Limited (formerly Houghton plc)United Kingdom100%
*Norman Hay Engineering Ltd.United Kingdom100%
*SIFCO Applied Surface Concepts (UK) LtdUnited Kingdom100%
*Surface Technology Holdings Ltd.United Kingdom100%
*Surface Technology (Leeds) LtdUnited Kingdom100%
*Surface Technology Aberdeen LtdUnited Kingdom100%
*Surface Technology (East Kilbride) Ltd.United Kingdom100%
*Ultraseal International Group LtdUnited Kingdom100%
*MX Systems International LtdUnited Kingdom100%
+*Quaker Houghton International LPUnited Kingdom100%
+*Quaker Specialty Chemicals (UK) LimitedUnited Kingdom100%
*Quaker Houghton Holdings LimitedUnited Kingdom100%
*QH International LimitedUnited Kingdom100%
*Quaker Houghton Sales BV (formerly Quaker Houghton Sales Europe BV)United Kingdom100%
*IKV Tribology LimitedUnited Kingdom100%
+*KOLKEM LIMITEDUnited Kingdom100%
*Natech LimitedUnited Kingdom100%
+*SB Decking, Inc. (formerly Selby, Battersby & Co.)United States100%
*AC Products, Inc.United States100%
*Epmar CorporationUnited States100%
*ECLI Products, LLCUnited States100%



NameJurisdiction of IncorporationPercentage of Voting Securities Owned Directly or Indirectly by Quaker
+*GH Holdings Inc.United States100%
+*Houghton Technical Corp.United States100%
*SIFCO Applied Surface Concepts, LLCUnited States100%
*Quaker Houghton PA, Inc. (formerly Houghton International, Inc.)United States100%
*Ultraseal America Inc.United States100%
+*Wallover Enterprises, Inc.United States100%
*Wallover Oil Company IncorporatedUnited States100%
*Coral Chemical Company, LLCUnited States100%
*Baron Acquisition LLC (d/b/a Baron Industries LLC)United States100%
*Baron of Tennessee LLCUnited States100%
*Quaker Chemical Corporation (PA)United States100%
*Quaker Chemical Corporation (DE)United States100%
*Dipsol of America, Inc.United States100%
*Kelko Quaker Chemical, S.A.Venezuela50%
+A non-operating company
*Included in the consolidated financial statements
**Accounted for in the consolidated financial statements under the equity method

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