|Tuesday, 20 December 2011, 09:16 HKT/SGT|
CLEVELAND, Ohio, Dec 20, 2011 - (ACN Newswire) - The Lubrizol Corporation announces that the purchase of Merquinsa is now complete. The addition of Merquinsa, a leader in specialty thermoplastic polyurethanes (TPUs), will expand Lubrizol's Engineered Polymers business and strengthen its ability to meet the needs of its global customers. The transaction was announced on November 3, 2011.
With the close of the transaction, all of the Merquinsa products are being integrated into the Lubrizol Engineered Polymers business. Key Merquinsa global commercial brands include PEARLSTICK(R), PEARLTHANE(R), PEARLBOND(R) , PEARLCOAT(R), as well as the full ECO line of renewable-sourced TPU products .
Commenting on the completed acquisition, Rocco Mango, Lubrizol vice president and general manager, Estane(R) Engineered Polymers, said "The addition of Merquinsa to our product portfolio is another example of how we continue to expand Lubrizol's Engineered Polymers business, providing enhanced product offerings and applications to meet the needs of our customers worldwide."
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 .
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Source: Lubrizol via Thomson Reuters ONE
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