Quaker Chemical Corporation (NYSE:KWR) is looking for M&A. During the company?s first quarter 2024 earnings conference call, Andrew Tometich, President and Chief Executive Officer said that ?We also anticipate another strong year of cash generation, building on the momentum of 2023, supporting our disciplined capital allocation priorities of investing in our organic growth, paying dividends, advancing our bolt-on M&A strategy, strengthening our balance sheet through debt repayment and being opportunistic with share repurchases, consistent with our commitment to enhancing shareholder value?. ?So, capital allocation strategy remains as it has been. We're very disciplined around generating shareholder value there.

So of course, we're spending money on CapEx to support some of our organic growth, both for innovation and efficiencies, and we'll continue being a dividend payer. But on the inorganic side, we've a very healthy portfolio from an M&A standpoint. And we know that's a strong lever to unlock shareholder value.

So we're going to continue to move forward on that. We've got a strong balance sheet to be able to support us on that?.