|Saturday, 17 December 2011, 11:01 HKT/SGT|
CLEVELAND, Ohio, Dec 17, 2011 - (ACN Newswire) - The Lubrizol Corporation announces it has completed the acquisition of Active Organics, Inc., a leading manufacturer and supplier of naturally-derived specialty ingredients including botanical extracts and natural performance ingredients for the personal care industry. The transaction was announced on December 12, 2011.
The addition of Active Organics to Lubrizol's personal and home care product line provides a strong entry into the botanical extracts and natural performance ingredients market and enhances Lubrizol's existing technology in naturally-derived ingredients. Commenting on the transaction, Rick Tolin, Lubrizol vice president and general manager, personal care and home care said, "Together we are creating a portfolio of industry-leading technologies that will help make our customers more successful through expanded access to innovative ingredients, formulations and applications knowledge."
With the close of the transaction, Active Organics is now a wholly-owned subsidiary of Lubrizol Advanced Materials. Recognized Active Organics' brands include Actiphyte(R) and Actiplex(R) botanical extracts, ActiLipid(R) and ActiMatrix(R).
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is an innovative specialty chemical company that produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology; and performance coatings in the form of specialty resins and additives. Lubrizol's industry-leading technologies in additives, ingredients and compounds enhance the quality, performance and value of customers' products, while reducing their environmental impact.
With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 7,000 employees worldwide. Revenues for 2010 were $5.4 billion. For more information, visit www.lubrizol.com .
About Active Organics, Inc.
Active Organics, Inc., a wholly-owned subsidiary of The Lubrizol Corporation, is a pioneer in botanical extracts and natural performance ingredients for the personal care products industry, The company is recognized around the world for its technological development and consistently high quality products. From its headquarters outside Dallas, Texas, on any given day the company processes natural extracts and performance ingredients from more than 1000 plants, fruits, vegetables and herbs. Since its founding in 1981 by Michael Bishop, Active Organics has been dedicated to the research, development and production of cutting edge products. For more information, visit www.activeorganics.com .
The Lubrizol Corporation
Active Organics, Inc.
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Topic: Press release summary
Sectors: Daily Finance, Chemicals
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