Sector News

Lubrizol to Acquire Warwick Chemicals

November 25, 2014
Energy & Chemical Value Chain
Berkshire Hathaway’s 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.
 

comments closed

Related News

June 16, 2024

Neste, Borealis and Covestro collaborating on tire-recycling projects

Energy & Chemical Value Chain

Neste Corp. (Espoo, Finland), Borealis AG (Vienna, Austria) and Covestro AG (Leverkusen, Germany) have signed a project agreement to enable the recycling of discarded tires into high-quality plastics for automotive applications. The collaboration aims at driving circularity in plastics value chains and the automotive industry.

June 16, 2024

Sika opens new manufacturing plant in northeast China

Energy & Chemical Value Chain

This site will manufacture a full range of products, including mortars, tile adhesives, and waterproofing solutions. This highly efficient new plant enables Sika to meet the market demands, whilst significantly reducing logistical distances.

June 16, 2024

Suzano to acquire Lenzing stake for €230M: How could other mergers be impacted?

Energy & Chemical Value Chain

Suzano is acquiring a 15% stake in Austrian wood-based materials producer Lenzing for €230 million (US$248 million). The announcement raises further questions over Suzano’s rumored bid to buy International Paper (IP), which, in turn, is in the process of acquiring DS Smith.

How can we help you?

We're easy to reach