Gulf Oil has purchased Houghton International for a billion dollars.  Gulf Oil is part of the Indian conglomerate Hinduja Group, which is controlled by the billionaire Hinduja brothers.  The Hinduja Group is based in Hyderabad, India.  Houghton reported a pretax profit of $132 million for the 12 months ended September 30, on revenue of $858 million.  Remember when you asked for that $20 discount per drum, and they told you they would be losing money if they did that?  Their success is from having an excellent (Death Match Winning) product line, and that's the bottom line. 

If you're a Houghton MWF formulator, your resume has never been worth more.  The Obama administration has taken note of the sale and the loss of federal income tax revenue that will result.  The Administration is reportedly preparing a prospectus on the state of Hawaii to present to the Chinese government in hopes of commencing a sale that would adjust the US debt without having to cut spending.  The Chinese responded off the record that they already own it.