Lubrizol Acquires EcoQuimica
(Thomson Reuters ONE) -
The Lubrizol Corporation
29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298
Lubrizol Acquires EcoQuimica
CLEVELAND, January 30, 2015 - The Lubrizol Corporation announces that it has
acquired EcoQuimica Industria e Comercio Produtos Quimica Ltda., a manufacturer
and supplier of coatings technology for products sold into decorative paints,
textiles, cement, elastomeric coatings and paper coatings. Headquartered in
Paulínia, a municipality in the state of São Paulo, EcoQuimica (formerly under
common ownership with Mercia Industria e Comercio Produtos Quimica Ltda.) will
expand Lubrizol's performance coatings footprint in the Latin America
marketplace.
"The acquisition of EcoQuimica will enable Lubrizol to broaden our already
comprehensive portfolio on a global basis and provide us a stronger local
presence in this market," said Tesh Gor, vice president and general manager of
Lubrizol Performance Coatings. "The combined technologies and knowledge of our
two companies will allow us to provide our customers with more comprehensive
solutions in both the global and regional markets.
In addition, Lubrizol recently purchased land adjacent to the EcoQuimica
facility to support future expansion. "With the combined property situated in a
prime location in São Paulo, Lubrizol plans to expand with the addition of a
warehousing facility as well an applications and technical services lab," said
Gilson Santos, Lubrizol vice president, Latin America.
EcoQuimica is now part of Lubrizol Advanced Materials, reporting into Lubrizol's
Performance Coatings business. This transaction includes all intellectual
property, trademarks and customer lists of EcoQuimica. Financial terms of the
agreement were not disclosed.
About Lubrizol Performance Coatings
At Lubrizol, we develop coatings solutions that help our customers balance the
aesthetics, durability, and functionality needs of their products for a wide
array of surfaces and substrates. Our strength is in collaborating with
customers to solve their toughest challenges-such as making coatings more
durable, enhancing production efficiency and reducing environmental impact-
without compromising performance. To learn more, contact your Lubrizol
representative or visit www.lubrizol.com/coatings.
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
Mike Heil
216/447-5176
Website: www.lubrizol.com
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Lubrizol via GlobeNewswire
[HUG#1890541]
Unternehmensinformation / Kurzprofil:
Datum: 30.01.2015 - 16:00 Uhr
Sprache: Deutsch
News-ID 368183
Anzahl Zeichen: 4452
contact information:
Town:
Wickliffe, Ohio
Kategorie:
Business News
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