Lubrizol Completes Acquisition of Active Organics
(Thomson Reuters ONE) -
CLEVELAND, December 16, 2011 - 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(®) and Actiplex(®) botanical extracts, ActiLipid(®) and
ActiMatrix(®).
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, visitwww.activeorganics.com.
Media Contacts
Julie Young
The Lubrizol Corporation
440/347-4432
Website: www.lubrizol.com
Michael Bishop
Active Organics, Inc.
972/221-7500
Website:www.activeorganics.com
###
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Source: Lubrizol via Thomson Reuters ONE
[HUG#1572096]
Unternehmensinformation / Kurzprofil:
Datum: 16.12.2011 - 22:33 Uhr
Sprache: Deutsch
News-ID 98081
Anzahl Zeichen: 4248
contact information:
Town:
Wickliffe, Ohio
Kategorie:
Business News
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