The Lubrizol Corp. has signed an agreement to purchase Active Organics Inc. The acquisition reportedly will strengthen Lubrizol's personal and home care product line. In addition, it expands Lubrizol's presence in the natural ingredients market.
Once the transaction closes, Active Organics will become a wholly-owned subsidiary of Lubrizol Advanced Materials and retain the Active Organics 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.
Also, Lubrizol will be assuming all Active Organics employees. Financial terms of the agreement were not disclosed. The transaction, structured as a stock purchase, is expected to close by the end of 2011, subject to customary closing conditions.