Lubrizol Acquire Active Organics

Lubrizol to Acquire Active Organics

2:41 AM, 14th December 2011
Lubrizol to Acquire Active Organics

CLEVELAND, US: The Lubrizol Corporation announced that it has signed an agreement to purchase Active Organics, a leading manufacturer and supplier of naturally-derived specialty ingredients including botanical extracts and natural performance ingredients for the personal care industry. This acquisition complements Lubrizol’s existing personal and home care product line, strengthening its strategy of providing high-value technology solutions to its global cosmetic customers.

“This acquisition provides Lubrizol with an enhanced presence in the natural ingredients market, which we view as a significant step in continuing to grow our personal and home care product portfolio,” said Rick Tolin, Vice President and General Manager, personal care and home care, Lubrizol. “The joining of the two companies creates a portfolio of industry-leading technologies that will help make our customers more successful through expanded access to innovative ingredients, formulations and applications knowledge.”

Lubrizol will be assuming all Active Organics employees. Once the transaction closes, Active Organics will become a wholly-owned subsidiary of Lubrizol Advanced Materials and retain the Active Organics name. Assets transferring include Active Organics’ dedicated technology, know-how, application knowledge, intellectual property, trade names, customer lists and relationships, production capabilities and business base.

Financial terms of the agreement were not disclosed. The transaction, structured as a stock purchase, is expected to close by the end of 2011, subject to customary closing conditions.

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