Lubrizol acquires Lipotec, strengthens personal care ingredients business

Lubrizol acquires Lipotec, strengthens personal care ingredients business

7:05 AM, 20th June 2012
Lubrizol acquires Lipotec, strengthens personal care ingredients business

CLEVELAND, US: The Lubrizol Corporation has signed an agreement to purchase Lipotec SA, a leader in the development, manufacturing and sale of personal care ingredients based on three core technologies. The purchase includes Lipotec’s cosmetic active ingredients business and its subsidiaries, Diverdrugs and Lipofoods. This acquisition complements Lubrizol’s global personal care ingredients business, strengthening its offering of high-performance technology solutions to marketers of formulated skin care products.

“This agreement opens new and exciting doors for Lipotec, not only in terms of growing the company’s business but also the potential to provide career opportunities to Lipotec employees. Both companies have complementary portfolios, which allow us to leverage our combined technologies, offering innovative solutions to our global customers,” said Jose Maria Garcia Anton, President, Lipotec.

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