CLEVELAND (Oct. 15, 2008) — Lubrizol Corp. has purchased the thermoplastic polyurethane and conductive polymer business from SK Chemicals Co. Ltd., which will expand it Estane Engineered Polymers product line.
Financial terms of the deal, which closed Oct. 10, were not disclosed.
The TPU and conductive polymers unit had annualized revenues of about $30 million in 2007.
The agreement includes all commercial, production and research and development assets of
the TPU and conductive polymer business of SK Chemicals, a South Korean corporation.