Lubrizol acquires Active Organics
Natural addition to grow personal care portfolio
The Lubrizol Corporation has purchased naturally derived speciality ingredients supplier Active Organics for an undisclosed sum. The acquisition is said to complement Lubrizol’s existing personal care and home care product range.
“The 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,” commented Rick Tolin, Lubrizol vp and general manager, personal care and home care. “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.”
Upon completion, which is expected by the end of 2011, Active Organics will become a wholly owned subsidiary of Lubrizol Advanced Materials, but will retain the Active Organics name.
Michael Bishop, president of Active Organics, stated: “Joining with Lubrizol provides significant benefits and opportunities for our talented workforce, as well as our customers, and I am excited about our future together.”
