ACR-News
Know what you want? Try our 'Supplier Directory' 

Croda agrees £62m sale of Refrigeration Lubricants to Lubrizol

CRODA has announced it will sell its Refrigeration Lubricants business to the Lubrizol Corporation for £62m, a year after buying it.
Croda acquired the refrigeration lubricants business as part of the Uniqema acquisition from Imperial Chemical Industries in 2006.

The sale includes the Croda polyol ester and alkyl benzene refrigeration lubricant technology, Emkarate and Icematic brand names, customer lists and intellectual property. No manufacturing facilities are included in the transaction.

'This transaction represents an excellent opportunity for both Croda and Lubrizol to drive growth in their targeted market areas,' said Richard Butler, Croda Global VP Lubricants.

The firm said the acquisition is expected to close early in the fourth quarter 2007. It also admitted a small number of Croda employees would join Lubrizol after the closing.

Established in 1925, Croda is a leading speciality chemical company. Its global headquarters are based in East Yorkshire but Croda International employs 4,000 people around the world.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Panasonic opens new UK head office with training centre

Panasonic has opened its new UK premises, dedicated to the HVACR+ market, which includes its largest UK training centre, kitted out with fully functioning units for hands-on experience....

  25-May-2022

Sanhua welcomes Neil Panting as the new Sales Manager for the UK, Ireland & Scandinavia.

Neil is responsible for the wholesaler segment, providing wholesalers with both sales and technical support.
  18-May-2022
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

Mostra
IOR London Dinner
Chillventa