Chemtool grease manufacture Image:Chemtool
Cleveland, Ohio, based Lubrizol has inked an agreement to buy Chemtool Inc. for an undisclosed sum. The deal will add the specialist grease maker and distributor to Lubrizol's Additives Custom Solutions division and is set to be completed by the end of the year.
According to Lubrizol, the deal meets the requirements of it's division's business, particularly at a time when an increasing number of its clients are outsourcing grease production.
With Chemtools' specialism in greases for the lubricants industry, the purchase has considerable synergy with Lubrizol's activities in the sector.
In return, Chemtool - which was founded almost 50 years ago in Rockton, Illinois - will be able to exploit its new parent's global reach to support existing non-US customers as well as developing new markets and product range. It will also benefit from added investment and technology input.
As well as greases, Chemtool also manufactures fluids for cleaning, heat transfer, drawing and stamping, as well as gear and lubricating oils.
Published 14th November, 2011
Looking for more information about OATS products and services?
additives Africa And finally Asia Australia automotive industry Aviation base oil bio fuels bio lubes BMW BP Brazil Castrol Chevron China China and finally China Internet Marketing China Lubes Marketing China lubes news China Lubes Tech China OEM Equipment CNOOC CNPC CO2 emissions ConocoPhillips Corporate News e-commerce electric vehicles Environment and Regulatory watch Environment, regulatory and standards Europe ExxonMobil Ford Forecasts Fuchs GM Great Wall India innovation Inovation and environment Internet marketing Japan Lubes marketing Lubes news Lubes tech Lubricants marine Middle East Mobile technology motorsport N America Nissan North America OATS OEM and automotive OEM Equipment PetroChina Russia S America Scandinavia Shell Sinopec social media Total Toyota View from the Bridge Volkswagen Volvo