IHS Chemical Week

People & Business :: Companies

Lubrizol Acquires Spanish Personal Care Ingredients Firm

8:11 AM MDT | June 20, 2012 | Sotirios Frantzanas

Lubrizol says it has agreed to purchase Lipotec (Barcelona), part of Lipotec Group, a business that specializes in the development, manufacture, and sale of personal care ingredients based on three core technologies: peptide-based active cosmetic ingredients, delivery systems, and biotechnology products. The transaction is expected to close within 60 days, subject to normal closing conditions. Financial terms were not disclosed. The acquisition includes Lipotec's cosmetic active ingredients business, and its subsidiaries Diverdrugs and Lipofoods. Lipotec...

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