Lubrizol formally acquires Warwick Chemicals

Lubrizol has now completed the acquisition of Warwick Chemicals, a leading global developer, producer and supplier of stain removal technology with hygiene benefits, the companies announced on Monday.

The transaction was first announced on November 24, 2014.

The addition of Warwick Chemicals complements Lubrizol's existing home care product line, strengthening its strategy of providing high-value technology solutions to its global customers.

"The acquisition of Warwick Chemicals enhances our strong portfolio of rheology modifiers, functional polymers and surfactants, and will place us in an excellent position to offer integrated solutions to our customers," said Rick Tolin, Lubrizol vice president and general manager of the personal care and home care business.

With the close of the transaction, Warwick Chemicals is now part of Lubrizol Advanced Materials, reporting into Lubrizol's personal and home care business and retaining the Warwick Chemicals company name.