Sector News

Lubrizol to Acquire Warwick Chemicals

November 25, 2014
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

October 10, 2021

Sika Demonstrates Proof of Concept of Concrete Recycling – Strategic Targets for 2023 Confirmed at Capital Markets Day in Zurich

Chemical Value Chain

At the Sika Capital Markets Day 2021 being held in Zurich, CEO Thomas Hasler confirms the strategic targets 2023. Under the motto: “Sika as Enabler for a Sustainable Construction Industry”, members of Group Management and Sika experts demonstrate the groundbreaking Sika concrete recycling process at a test facility in Zurich.

October 10, 2021

AR Packaging launches high-barrier fiber-based tray for chilled food recyclability

Chemical Value Chain

Sweden-based AR Packaging is releasing a recyclable fiber-based tray for high-barrier applications called TrayLite. The solution provides an alternative to full plastic barrier trays, reducing plastic content by 85%, for the modified atmosphere packaging of ready meals and other chilled foods.

October 10, 2021

Neste to sell base oils business to Chevron

Chemical Value Chain

The agreement covers a combination of share and asset deals forming Neste’s entire global base oils business. As part of the divestment, the parties have also agreed on a long-term offtake for Neste’s base oils supply from Porvoo, Finland.

Send this to a friend