User:Lz maor/Operations

Operations
The Lubrizol Corporation comprises the Lubrizol Additives and Lubrizol Advanced Materials business segments. Lubrizol generated $7 billion in revenue in 2015. It is a subsidiary of Berkshire Hathaway and is headquartered in Wickliffe, Ohio. As of 2016, it employs 9,000 people globally.

Eric R. Schnur is president, chairman and CEO.

With Lubrizol Additives, the company supplies additives for transportation, including additives for lubricating engine oils, fuels and other chemicals, and industrial lubricants. 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. Lubrizol had operated Lubrizol Oilfield Solutions, an oilfield chemicals and drilling fluids business, following the 2014 acquisition of Weatherford International businesses. Bloomberg reported in February 2017 that Lubrizol eliminated the oilfield solutions business segment.

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
 * Metalworking additives from Lockhart Chemical Co. (2007)
 * Dow Chemical Co.'s thermoplastic polyurethane business (2008)
 * Nalco Company's Nalco Performance Products Group (2011), a personal care and household care specialty polymers and formulation additives business
 * Merquinsa (2011), a maker of thermoplastic polyurethane
 * Chemtool (2011), maker of custom-formulated greases
 * Active Organics (2011), a specialty chemicals firm
 * Lipotec (2012), a skin care products maker
 * Vesta (2014), maker of catheters and tubing
 * Weatherford International's engineered chemistry and drilling fluids businesses (2014)
 * Warwick Chemicals (2015), produces stain-removal technologies
 * Alliance with Mitsui Chemicals (2014) for Lubrizol to sell and market the Lucant polymer product line
 * EcoQuimica (2015), maker of coatings
 * Particle Sciences (2015), a drug developer
 * Diamond Dispersions (2016), maker of water-based dye and pigment dispersions