Berkshire Hathaway acquires Lubrizol
Signs agreement to acquire 100 percent of Lubrizol shares.
Published March 16, 2011
"Lubrizol is exactly the sort of company with which we love to partner. A global leader in several market applications run by a talented CEO, James Hambrick," said Warren Buffett, Berkshire Hathaway CEO. "Our only instruction to James is to just keep doing for us what you have done so successfully for your shareholders."
After the close of the transaction, Lubrizol will operate as a subsidiary of Berkshire Hathaway and will remain located at its Wickliffe, Ohio, headquarters and will continue to be led by its current management team.
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