WICKLIFFE, Ohio (Nov. 7, 2011)—Lubrizol Corp. has agreed to buy Merquinsa, a Barcelona, Spain-based producer of specialty thermoplastic polyurethanes.
Lubrizol said the acquisition will expand its engineered polymers business and strengthen its ability to meet the needs of global customers. The terms of the sale—expected to close by year-end—weren't disclosed.
Merquinsa products are used by companies in the automotive, sports and leisure, furniture and textile coatings markets. The company is a family-owned business, and Lubrizol said the owners decided to focus on non-chemical segments of its product portfolio.
Lubrizol will add about 100 Merquinsa employees via the deal. Once the transaction closes, all Merquinsa products will be integrated with Lubrizol, combining the product offerings under the Lubrizol engineered polymers business said Wickliffe-based Lubrizol, which is owned by Berkshire Hathaway Inc.