Lubrizol to Acquire Warwick Chemicals
(Thomson Reuters ONE) -
The Lubrizol Corporation
29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298
Lubrizol to Acquire Warwick Chemicals
CLEVELAND, November 24, 2014 - The Lubrizol Corporation announces it has signed
an agreement to purchase Warwick Chemicals, a leading global developer, producer
and supplier of stain removal technology with hygiene benefits. This acquisition
will complement Lubrizol's existing home care product line, strengthening its
strategy of providing high-value technology solutions to its global customers.
Headquartered in Mostyn, North Wales, Warwick Chemicals has strong positions
with global and regional detergent producers. Their products are an essential
element in laundry detergent powders and automatic dishwashing products used
across five continents and in more than 50 countries. The transaction also
includes Warwick Equest, a leading manufacturer of test swatches for fabric
cleaning.
"Consistent with our long-term strategy and vision, we are always seeking to
expand our portfolio with technologies that provide solutions, add value to our
customer's products and deliver consumer benefits," said Rick Tolin, vice
president and general manager of Lubrizol Personal and Home Care. "The
acquisition of Warwick will complement Lubrizol's strong portfolio of rheology
modifiers, functional polymers and surfactants, and will place us in an
excellent position to offer integrated solutions to our customers."
Upon completion of the transaction, Warwick Chemicals will retain its company
name and will become part of Lubrizol Advanced Materials, reporting into
Lubrizol's personal and home care business. This transaction includes all
intellectual property, trademarks and customer lists of Warwick Chemicals.
Financial terms of the agreement were not disclosed. The transaction is
expected to close upon receipt of all customary regulatory approvals.
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 7,500 employees worldwide.
Revenues for 2013 were $6.4 billion. For more information, visit
www.lubrizol.com.
Media Contact
Lee Roberts
216/447-6117
Website: www.lubrizol.com
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originality of the information contained therein.
Source: Lubrizol via GlobeNewswire
[HUG#1873110]
Unternehmensinformation / Kurzprofil:
Datum: 24.11.2014 - 14:00 Uhr
Sprache: Deutsch
News-ID 354987
Anzahl Zeichen: 4605
contact information:
Town:
Wickliffe, Ohio
Kategorie:
Business News
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