(BRK.A), (BRK.B)
Berkshire Hathaway’s Lubrizol Corporation has sold its idled Warwick Chemical Mostyn, Wales, UK, site to International Process Plants, a leading global provider of pre-owned and new process plants and equipment.
The Warwick Chemical Mostyn site, which formerly produced stain removal ingredients for detergent products, features a robust infrastructure ideally suited for various chemical applications. IPP plans to sustainably redeploy these assets to its client facilities globally, making the site and its basic infrastructure available for redevelopment to support the local community needs.
The Mostyn site is the second facility that Lubrizol has also sold this month. The company also sold its surfactant plant in Paso Robles, California, to Texas-based Coast Southwest.
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 a 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.