Lubrizol Acquires Weatherford Oilfield Chemicals, Drilling Fluid Businesses

Noria news wires
Tags: industrial lubricants

The Lubrizol Corporation recently announced that it has completed the acquisition of Weatherford International's global oilfield chemicals business in the United States and Canada, known as Engineered Chemistry, and its U.S. drilling fluid business, which is branded as Integrity Industries. Closings in the rest of the world will occur throughout 2015.

With the close of the transaction, Engineered Chemistry and Integrity Industries, along with Lubrizol Specialty Products Inc. and Lubrizol's legacy energy and water business, will form Lubrizol Oilfield Solutions, a new business segment for the company.

Lubrizol Oilfield Solutions will join the company's other business segments, Lubrizol Additives and Lubrizol Advanced Materials. Within this new segment, Engineered Chemistry and Integrity Industries will operate essentially as they do currently.

A Berkshire Hathaway company, Lubrizol produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, driveline and other transportation-related fluids and industrial lubricants, as well as additives for gasoline and diesel fuel.

Headquartered in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world.

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