Sector News

Lubrizol Acquires EcoQuimica

February 2, 2015
Chemical Value Chain
(ACN Newswire) – 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 Paulinia, a municipality in the state of Sao 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 Sao 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. 
 
Source: The Lubrizol Corporation

comments closed

Related News

February 4, 2023

Eastman acquires performance films company Ai-Red Technology

Chemical Value Chain

Eastman Chemical Co. (Kingsport, Tenn.) announced it has acquired Ai-Red Technology (Dalian) Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region.

February 4, 2023

BASF and StePac partner on chemical recycling MAP packs to fight food waste

Chemical Value Chain

BASF and Israeli packager StePac have joined forces to create the “next generation” of fresh produce packaging. BASF will provide StePac with greater flexibility to advance contact-sensitive packaging formats to a higher sustainability standard by supplying StePac with Ultramid Ccycled – a chemically recycled polyamide 6.

February 4, 2023

TotalEnergies and Intraplás partner on food-grade renewable biopolymer production

Chemical Value Chain

TotalEnergies’ biorefinery in La Mède, France, allows direct access to renewable feedstock for its drop-in RE:newable polymer range derived from bio-based products. The company claims these polymers retain virgin-like properties.

How can we help you?

We're easy to reach