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Saturday, 27 September 2014, 06:30 HKT/SGT
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Source: Lubrizol
Lubrizol's Acquisition of Vesta Broadens Offering for Global Medical Device Industry

CLEVELAND, Ohio, Sept 27, 2014 - (ACN Newswire) - The Lubrizol Corporation's recent acquisition of Vesta, a leading contract manufacturer for the global medical device industry, broadens Lubrizol's life science manufacturing capabilities, applications and material portfolio with access to silicone and a variety of other thermoplastics utilized in medical devices. Both Lubrizol LifeSciences and Vesta showcased their expanded capabilities at the MEDTEC China 2014 exhibition Sept. 25-26 at the Shanghai World Expo Exhibition and Convention Center.

Headquartered in Franklin, WI, Vesta has three manufacturing locations in the U.S. The company offers disposable silicone medical components and provides silicone molding, extrusion, sheeting, dip-casting and assembly services. As a full service provider to medical device original equipment manufacturers, Vesta also supplies precision thermoplastic extruded tubing, assemblies and secondary operations to its medical device customers. The medical device manufacturer has a long history of medical design engineering experience with clinical device applications in cardiology, urology, wound care and bariatrics.

"The addition of Vesta significantly enhances our life science offerings through the combination of strong polymer technology, applications know-how, and world-class component manufacturing," says Deb Langer, vice president and general manager, Lubrizol LifeSciences. "As medical device companies look for total solution providers, the expertise and capabilities of Vesta give us the ability to provide a more valuable offering to these customers on a global basis."

Vesta is part of Lubrizol Advanced Materials Inc.

About The Lubrizol Corporation

The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care and personal care products and pharmaceuticals, and specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives.

With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 7,500 employees worldwide. Revenues for 2013 were $6.4 billion. For more information, visit www.Lubrizol.com.

Media Contact
Ben Patti
+1-216-447-5827
[email protected]
www.lubrizol.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Lubrizol via Globenewswire

Topic: Press release summary

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