(BRK.A), (BRK.B)
Berkshire Hathaway’s Specialty chemicals company Lubrizol is consolidating its Active Organics and Lipotec skin care units, and giving them a new name, Lipotec USA.
In 2011, Lubrizol acquired Active Organics, a manufacturer and supplier of naturally-derived specialty ingredients including botanical extracts and natural performance ingredients for the personal care industry.
The following year, Lubrizol acquired Lipotec SA, a leader in the development, manufacturing and sale of personal care ingredients based on three core technologies: peptide-based active cosmetic ingredients, delivery systems and biotechnology products.
Lipotec USA, Inc. will be located at the current address of Active Organics, Inc. in Lewisville, Texas.
© 2017 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.