Industry News

Lubrizol Completes Coating and Ink Additives Acquisition

Published on 2004-02-04. Author : SpecialChem

The Lubrizol Corporation (NYSE: LZ) announced that it has completed its acquisition of the Additives business of Avecia, headquartered in Blackley, England. Avecia Additives had 2003 revenues of approximately $50 million.

Products from the purchased business are marketed under the brand names Solsperse™, Solplus™ and Solthix™ and are used to disperse pigments and colors in coatings and inks, as well as other specialized applications, such as plastics and composites. Lubrizol has begun to integrate this business into its existing $100 million paints, coatings and inks additives business unit within the Fluid Technologies for Industry (FTI) segment. The acquisition complements Lubrizol’s global infrastructure and current product lines of surface modifiers, flow control additives and specialty resins.

Don Bogus, Lubrizol Vice President, FTI, said, " This acquisition adds newly patented dispersant technology to Lubrizol’s family of coatings and inks products. Combined with our current expertise in additives that improve appearance, flow and adhesion, this new dispersant technology will enhance our ability to work with customers as they develop improved products."

Included in the acquisition are a manufacturing facility in Huddersfield, U.K. and technical centers in England, Singapore and the United States. Transferring with the acquisition are 105 Avecia employees, including commercial staff in Europe, Asia and North America.

The Lubrizol Corporation (NYSE: LZ) is a global provider of specialty additives and fluid technologies. These high-performance technologies focus on chemicals, systems and services for transportation and industry. The company’s customers use its technology to enhance a wide variety of end-use products, including engine lubricants and fuel; gear oils and other vehicle-related fluids; hydraulic fluids and emission control systems; greases and industrial fluids; personal care products and industrial cleaners; paints, coatings and inks; and mining chemicals.

Lubrizol was founded in 1928 and owns and operates 37 manufacturing plants in 16 countries. The Wickliffe, Ohio-based company has 53 sales and technical offices and more than 5,000 employees worldwide. Its three research centers are located in Wickliffe, Ohio; Hazelwood, England; and Kinuura, Japan. The company had revenues of $1.98 billion and earnings of $118.5 million in 2002.

Source: Lubrizol Corporation

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