Lubrizol markets thermoplastic elastomers under the Estane brand name.
"Merquinsa's strong global brand recognition, along with its solid track record of profitable growth broadens our product portfolio, increases our global reach and strengthens our manufacturing capabilities," said Rocco Mango, Lubrizol vice president and general manager, Estane Engineered Polymers.
Established in 1964, Merquinsa is a family-owned business. With this transaction, the owners have decided to focus on the non-chemical segments of their product portfolio.
Lubrizol will be assuming approximately 100 Merquinsa employees. Once the transaction closes all Merquinsa products will be integrated with Lubrizol, combining the product offerings under the Lubrizol Engineered Polymers business.
Financial terms of the agreement were not disclosed. The transaction is expected to close by the end of 2011.