User:Lz maor/Operations
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Operations
The Lubrizol Corporation comprises the Lubrizol Additives and Lubrizol Advanced Materials business segments. Lubrizol generated $7 billion in revenue in 2015.[1] It is a subsidiary of Berkshire Hathaway and is headquartered in Wickliffe, Ohio.[2] As of 2016, it employs 9,000 people globally.[3]
Eric R. Schnur is president, chairman and CEO.[3][4]
With Lubrizol Additives, the company supplies additives for transportation, including additives for lubricating engine oils, fuels and other chemicals, and industrial lubricants.[5] Lubrizol Advanced Materials creates and sells specialty materials and chemicals used in consumer products for personal care, pharmaceutical and food industries; specialty materials under the TempRite, Hycar and Estane trademarks; and performance coatings under the trademarks Hycar, Sancure, Algan, Performax and Myflam.[6] Lubrizol had operated Lubrizol Oilfield Solutions, an oilfield chemicals and drilling fluids business, following the 2014 acquisition of Weatherford International businesses.[7] Bloomberg reported in February 2017 that Lubrizol eliminated the oilfield solutions business segment.[8]
Acquisitions and partnerships
Lubrizol has grown its business through a number of acquisitions and partnerships in recent years. Among them:
- Noveon (2004), producer of industrial chemicals for packaging, paints and textiles, as well as chemicals for personal-care products such as lotions and shampoos[9][10][11]
- Metalworking additives from Lockhart Chemical Co. (2007)[12]
- Dow Chemical Co.'s thermoplastic polyurethane business (2008) [13]
- Nalco Company's Nalco Performance Products Group (2011), a personal care and household care specialty polymers and formulation additives business[14]
- Merquinsa (2011), a maker of thermoplastic polyurethane[15]
- Chemtool (2011), maker of custom-formulated greases[16]
- Active Organics (2011), a specialty chemicals firm[17][18]
- Lipotec (2012), a skin care products maker[19]
- Vesta (2014), maker of catheters and tubing[20]
- Weatherford International's engineered chemistry and drilling fluids businesses (2014)[21]
- Warwick Chemicals (2015), produces stain-removal technologies[22]
- Alliance with Mitsui Chemicals (2014) for Lubrizol to sell and market the Lucant polymer product line[23]
- EcoQuimica (2015), maker of coatings[24]
- Particle Sciences (2015), a drug developer[25]
- Diamond Dispersions (2016), maker of water-based dye and pigment dispersions[26]