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| Friday, 2 January 2015, 21:00 HKT/SGT | |
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Source: Lubrizol | |
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CLEVELAND, Ohio, Jan 2, 2015 - (ACN Newswire) - The Lubrizol Corporation announces it has completed the acquisition of Warwick Chemicals, a leading global developer, producer and supplier of stain removal technology with hygiene benefits. The transaction was announced on November 24, 2014.
The addition of Warwick Chemicals complements Lubrizol's existing home care product line, strengthening its strategy of providing high-value technology solutions to its global customers. Commenting on the transaction, Rick Tolin, Lubrizol vice president and general manager, personal care and home care said, "The acquisition of Warwick Chemicals enhances our strong portfolio of rheology modifiers, functional polymers and surfactants, and will place us in an excellent position to offer integrated solutions to our customers."
With the close of the transaction, Warwick Chemicals is now part of Lubrizol Advanced Materials, reporting into Lubrizol's personal and home care business and retaining the Warwick Chemicals company name.
About Lubrizol Personal and Home Care
We develop, manufacture and market a broad range of specialty functional and active ingredients for skin care, hair care, bath and shower, and home care. Our innovative technologies deliver valuable consumer benefits, enhance functional performance, modify physical properties and deliver the right aesthetics to drive key consumer product claims. We are committed to providing our customers with powerful, proven solutions so they can formulate with confidence(TM).
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 and 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 8,000 employees worldwide. Revenues for 2013 were $6.4 billion. For more information, visit www.lubrizol.com.
Media Contact
Lee Roberts
+1-216-447-6117
Website: www.lubrizol.com
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Source: Lubrizol via Globenewswire
Topic: Press release summary
Source: Lubrizol
https://www.acnnewswire.com
From the Asia Corporate News Network
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