Lubrizol completes acquisition Lipotec

Lubrizol completes acquisition of Lipotec

6:22 AM, 8th August 2012
Lubrizol completes acquisition of Lipotec

CLEVELAND, US: The Lubrizol Corporation has completed the acquisition of Lipotec SA, a leader in the development, manufacturing and sale of personal care ingredients based on three core technologies - peptide-based active cosmetic ingredients, delivery systems and biotechnology products. This purchase includes Lipotec’s cosmetic active ingredients business and its subsidiaries, Diverdrugs and Lipofoods. The transaction was announced on 20 June 2012.

The addition of Lipotec complements Lubrizol’s global personal care ingredients business, strengthening its offering of high-performance technology solutions to marketers of formulated skin care products. Furthermore, it illustrates Lubrizol’s commitment to provide a broad product portfolio, new technology and applications expertise that enhance its ability to make customers successful through expanded access to innovative ingredients.

With the close of this transaction, Lipotec is now part of Lubrizol Advanced Materials, with Lipotec, Diverdrugs and Lipofoods retaining their respective names. The previous owners will continue their activities in the pharmaceutical and cosmetic finished goods segments through BCN Peptides, GP Pharm and Prima-Derm which are not part of the transaction.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


India’s first nuclear submarine set for sea trials

NEW DELHI, INDIA: India said its first home-built nuclear submarine was set for sea trials, as it detailed billion-dollar projects to arm its navy wit ...

Read more
Praxair and nexAir form a joint venture in US

DANBURY/MEMPHIS, US: Praxair Inc and Memphis-based nexAir LLC have planned to form a joint venture in the Southeast United States. Praxair will contri ...

Read more
Waste water from sewage treatment as fertilizer

MUNICH, GERMANY: Sewage sludge, sewage and manure are valuable sources of fertilizer can be won for the production of food. Researchers now have a che ...

Read more
Akzo Nobel plans new manufacturing plant in India

NEW DELHI, INDIA: Akzo Nobel plans to build a new manufacturing plant in India with an investment of upto Rs1500 million ($27.3 million) as par ...

Read more
Butter flavouring ingredients linked to Alzheimer’s disease, new study

SAN DIEGO, US: A new study raises concern about chronic exposure of workers in industry to a food flavouring ingredient used to produce the distinctiv ...

Read more
McVicar acquires Chinese chemical firm Anhui Linghua

TORONTO, CANADA: McVicar Industries Inc (McVicar) has won an open bid auction to acquire Anhui Linghua Co Ltd (Anhui Linghua), a chemical company loca ...

Read more