THE LUBRIZOL CORP.
History
| Year | Detail |
|---|---|
| 1928 | Edward E. McIlvain founded Lubrizol Corporation. He developed the company's first product, a lubricant additive, which laid the groundwork for its future growth in the specialty chemicals industry. |
| 1929 | Lubrizol's first product, a graphited lubricant and applicator, was marketed under Lubri-Graph. Later, the company changed its name to The Lubri-Graph Corporation. |
| 1934 | The company established Anglamol Ltd., followed by the creation of Lubrizol in Great Britain. These developments marked significant steps in the company's expansion into international markets and growth in the specialty chemicals sector. |
| 1957 | The company acquired International Rustproof Corporation, a producer of metal coatings, and gained significant technical expertise in coatings technology. |
| 1995 | Lubrizol began its operations in China and established joint venture facilities in Tianjin and Lanzhou. |
| 1996 | The company acquired CPI Engineering Services, Inc., a formulator of specialty synthetic lubricants used in air and refrigeration compressors. |
| 2004 | Lubrizol acquired Noveon International, Inc., a specialty chemical company with a strong product portfolio in additives and ingredients for the personal care, performance coatings, and engineered polymers markets. |
| 2004 | The Lubrizol Corp. acquired Noveon International, Inc. on June 3, 2004, for $1.84 billion. The acquisition nearly doubled the size of Lubrizol and made it a global specialty chemical company. |
| 2011 | Berkshire Hathaway Inc. and The Lubrizol Corporation announced the completion of the acquisition of Lubrizol. Lubrizol became a wholly-owned subsidiary of Berkshire Hathaway. |
| 2014 | Lubrizol's CPVC Piping Systems business made a $400 million global expansion of its resin and compounding manufacturing capacity with the startup of a CPVC resin manufacturing facility (Rayong, Thailand), a CPVC resin and compounding facility (Louisville, Kentucky) and a CPVC compounding plant and warehouse (Dahej, India). |
| 2019 | Lubrizol's LifeSciences company Particle Sciences partnered with Indian contract manufacturing organization (CMO) Encube Ethicals to develop innovative intravaginal rings with the intent to out-license to biopharmaceutical marketing partners. |
| 2019 | The company partnered with Corbion Biotech Inc. and introduced AlgaPūr, a high-stability oleic algae oil, to the personal care and cosmetics markets. |
| 2019 | The company acquired Bavaria Medizin Technologie GmbH (BMT), an innovative designer and manufacturer of both intravascular (coronary, peripheral, and cranial) and nonvascular devices, including drug-coated balloons, by its German subsidiary Lubrizol Deutschland GmbH from its majority shareholder Custos Vermögensverwaltungs GmbH as well as from the minority shareholders to establish Lubrizol as a true end-to-end partner to the global medical device and pharmaceutical industries. |
| 2021 | The company partnered with Prince Pipes and Fittings Ltd. to manufacture and sell Corzan CPVC Material and piping solutions in India. |
| 2021 | Lubrizol and Submer partnered to offer holistic immersion cooling solutions to expand the data center infrastructure market. |
| 2022 | The company collaborated with Suzanne, a eucalyptus pulp and paper producer, to co-develop natural-based ingredients using renewable materials for the beauty, personal, and home care markets. |
| 2022 | Lubrizol and Park Place Technologies partnered to expand collaboration with Intel by providing service, maintenance, and monitoring for immersion cooling systems in data centers. |
| 2023 | The company partnered with iXora BV, a Netherlands-based provider of rack-mountable immersive cooling for CompuZol immersion fluid, to provide rack-mountable, silent immersion cooling solutions in data centers. |
| 2024 | Lubrizol collaborated with PROYA Cosmetics Co., Ltd., a Chinese cosmetics company, to accelerate the innovation of market-oriented beauty products, driving sustainable growth for both companies and the beauty industry. |
| 2024 | Eastman partnered with the company to improve the adhesion strength of thermoplastic elastomers (TPEs) overmolded onto Eastman Tritan copolyester TX1501HF. |
| 2024 | Sabic and Lubrizol collaborated and developed compatible material solutions well-suited for various consumer electronics and mobility applications, among others. |
| 2024 | Angelalign Technology Inc. and Lubrizol collaborated to enhance product innovation, quality and risk management standards, and market responsiveness globally. |
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