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<\/a><\/span><\/p>\n\u201cWe are ready\u201d \u201cOur elephant gun has been reloaded and my trigger finger is itchy\u201d declared Warren Buffett in 2011 after having acquired Lubrizol\u2019s assets for 9 billion US$. There\u2019s only one step between hunter and investor and Warren Buffet takes it almost every day.<\/p>\n
Since the Berkshire Hathaway fund bought Lubrizol in March 2011 under his direction, the company has been steadily growing. 6900 employees worldwide in 2010 and 5.4 billion US$ in revenue. 8700 employees in 2018 and 6.8 billion US$ of revenue. While continuing to rely on their two past inexhaustible resources\u2014lubricants, without which the world trade would run out of gas\u2014and PVC, without which water would no longer reach the tap nor flow from sinks and toilet bowls\u2014the Lubrizol brand has diversified.<\/p>\n
The Chemtool group, which specializes in industrial fluids (corrosion inhibitors, lubricants and greases), was absorbed at the end of 2011. The Vesta group, which specializes in silicone and thermoplastics for medical use, was acquired in 2014. The amount of the transaction was not published, but the operation was consolidated through an investment of US$10 million provided by Life Science, the new branch of Lubrizol. At the same time, Lubrizol confirmed to be firmly rooted in the world of lubricants and petroleum fluids by acquiring Weatherford International, which specializes in fluids and additives for oil drilling and fracking of shale gas deposits. This booming market has not escaped the vigilance of bargain-hunter businessman Warren Buffett and his beaters.<\/p>\n
The icing on the cake is that Lubrizol took an active part in the anti-wrinkle cosmetics and herbal extracts market with the purchase of Active Organics in the United States in 2011 and Lipotec in Spain in 2012. In March 2019, the new acquisition of Phenobio, near Bordeaux, of which Lubrizol (from Cleveland, Ohio) hailed the compliance with ECOCERT\u2019s specifications, confirms the multinational company is getting into the market for so-called \u201cgreen\u201d products. The most recent purchase of Lubrizol Life Science: Bavaria Medical Technology Management GmbH (LLC) last July, a company that specializes in intravascular medical devices (catheters) and non-vascular ones.<\/p>\n
It makes sense that with this frenzy of acquisition, the obsolete and congested Rouen factory did not benefit from funding in order to replace its hectares of asbestos roofing and to set up a fire detection and suppression network matching the risks involved. It is also clear that the development strategy of the Lubrizol lubricants sector includes a troubleshooting stage in Rouen until the other units (in particular in China) can replace the global production of the damaged and amputated site. A partial recovery of the Lubrizol’s activities in Rouen would be a fool’s market. Within 3 to 4 years, the plant would have been permanently closed, even before it was cleared of pollution.<\/p>\n
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Updated on June 18, 2021<\/em><\/p>\nNORTH AMERICA<\/span><\/h3>\nUNITED STATES OF AMERICA<\/strong><\/span><\/p>\n
\nWickcliffe, Ohio<\/span>
\n<\/strong><\/p>\nWorldwide headquarters of the Lubrizol Corporation.
\nPlant opened in 1931, around 1,400 employees.<\/p>\n
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