U.S. supplier of specialty chemicals Lubrizol, headquartered in Wickliffe, Ohio, is entering into botanical extracts and natural performance ingredients markets through the acquisition of Active Organics, Inc., a manufacturer and supplier of naturally-derived specialty ingredients, based outside Dallas, Texas.
The Active Organics’ portfolio mainly focuses on botanical extracts and natural performance ingredients for the personal care industry. The company’s most famous brands include Actiphyte and Actiplex botanical extracts, ActiLipid and ActiMatrix.
Active Organics manufactures and distribute its products through its North American platform, and works directly with its key customers to identify new product opportunities and applications.
"This acquisition provides Lubrizol with an enhanced presence in the natural ingredients market, which we view as a significant step in continuing to grow our personal and home care product portfolio," commented Rick Tolin, Lubrizol vice president and general manager, personal care and home care.
Financial terms of the transaction, structured as a stock purchase, were not disclosed. The deal is expected to close by the end of 2011, subject to customary closing conditions.
Once the transaction closes, Active Organics will become a wholly owned subsidiary of Lubrizol Advanced Materials and retain its name. Assets transferring include Active Organics’ dedicated technology, know-how, application knowledge, intellectual property, trade names, customer lists and relationships, production capabilities and business base. Lubrizol added it would be assuming all Active Organics employees.
