Lubrizol Skin and Dermal Care Integrate to Form Lubrizol Skin Essentials
(Thomson Reuters ONE) -
News Release
Lubrizol Skin and Dermal Care Integrate to Form Lubrizol Skin Essentials
CLEVELAND, April 4, 2017 - The Lubrizol Corporation announces that its Skin Care
and Dermal Care segments will now be combined and operate under the new name,
Lubrizol Skin Essentials. This move is an evolution of the "Accelerating your
creativity vision" established by Lubrizol Skin Care two years ago with the aim
of offering more comprehensive assistance to its clients.
This vision introduced a new solution for the continuously changing and
demanding skin care market, focusing Lubrizol's Skin Care brand promise on
becoming a partner to its customers and helping boost creativity with innovative
concepts, strong technical and regulatory support, as well as flexibility in
supply and delivery.
Joining Lubrizol's functional ingredients and Lipotec's active ingredients under
Lubrizol Skin Care was the first move to bring a complete advanced skin care
offering to the market. Since then, the team has leveraged its skin care science
knowledge by focusing on ingredients and formulation concepts that deliver a
beautiful and healthy skin experience to the end consumer. Lipotec's molecular
science, delivery systems and botanical extracts yield to an unlimited source of
active ingredients with proven efficacy to meet every skin care need. The
polymer technologies of Lubrizol complete the portfolio and deliver unique
performance benefits with superior sensory experiences in a wide range of
cosmetics including skin care, sun care and color care.
Since Lipotec became Lubrizol's global center of expertise for skin care, a new
clinical testing laboratory was formed within the company's Barcelona facility
in the fall of 2016, establishing the company's strong commitment to the new
mission. Completing the skin care, sun care and color cosmetics application
laboratories, and the already existing in vitro facilities, the new labs serve
as a point of reference for research in the advancement of active ingredients
and allow Lubrizol to accelerate the launch of new products to the market.
Lubrizol's Dermal Care division had a focus on developing sensory pleasing skin
topical systems and solutions to enhance the delivery of monographed active
ingredients onto and into the skin, which was very aligned with Lubrizol Skin
Care goals. Thus, the decision to regroup the two entities to maximize synergies
and facilitate leveraging technology.
- more -
The new Lubrizol Skin Essentials division expands the company's vision to become
a preferred partner in the aesthetic and wellness market by using science to
deliver skin health and well-being, continuing to empower customers with
products and services that will enable them to accelerate and enhance their
creativity.
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven
global company that combines complex, specialty chemicals to optimize the
quality, performance and value of customers' products while reducing their
environmental impact. It is a leader at combining market insights with chemistry
and application capabilities to deliver valuable solutions to customers in the
global transportation, industrial and consumer markets. Lubrizol improves lives
by acting as an essential partner in our customers' success, delivering
efficiency, reliability or wellness to their end users. Technologies include
lubricant additives for engine oils, driveline and other transportation-related
fluids, industrial lubricants, as well as additives for gasoline and diesel
fuel. In addition, Lubrizol makes ingredients and additives for home care,
personal care and skin care products and specialty materials encompassing
polymer and coatings technologies, along with polymer-based pharmaceutical and
medical device solutions.
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 8,300 employees worldwide.
Revenues for 2016 were $6.5 billion. For more information, visit Lubrizol.com.
Media Contact
Lee Roberts
216 447-6117
Website: www.lubrizol.com
###
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lubrizol via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 04.04.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 534388
Anzahl Zeichen: 5230
contact information:
Town:
Wickliffe, Ohio
Kategorie:
Business News
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"Lubrizol Skin and Dermal Care Integrate to Form Lubrizol Skin Essentials"
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