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30. December 2008

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.

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