Lubrizol buys Dow’s TPU business
The Lubrizol Corporation, Wickliffe, OH, USA, has announced that it has signed a definitive agreement with The Dow Chemical Company to purchase Dow's thermoplastic polyurethane business. This acquisition, structured as a sale and purchase of assets, will expand Lubrizol's Estane Engineered Polymers business.
Financial terms of the agreement were not disclosed. The deal will close after customary closing conditions are satisfied.