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



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