![](/documents/176177/179111/news-generic.jpg)
Lubrizol Corporation purchases Lipotec
Business Investments
25 Jun 2012
Lubrizol corporation, a company belonging to the american entrepreneur warren buffett, has taken over the catalan firm lipotec, which makes cosmetic compounds for firms such as christian dior and estée lauder.
this is now mr. buffett’s second purchase of a catalan company in less than a year. following on from the takeover of the chemical firm merquinsa, lubrizol corporation has now signed the acquisition of lipotec; a business focused on producing cosmetic compounds for luxury brands in the industry. nevertheless, the group companies gp pharm, a biotech enterprise, and singuladerm, a cosmetic product range launched by lipotec were not part of the deal.
lipotec’s sales reached €25 million last financial year, and the company established a pied à terre in the us. lipotec, present at the bio biotech fair in boston, took advantage of the event to seal the accord with lubrizol.
source: expansión, 20/6/2012
Related News and Success stories.
-
24 Jul 2024
Success Story: Messer's investment in Tarragona, Southern Europe's leading Chemical Hub
-
21 Jul 2024
Tarek Besold, Sony AI: “We came to Barcelona because it is a city of creativity and inspiration”
-
12 Jul 2024
Catalonia and Barcelona strengthen their commitment to sustainable mobility with Chinese company Chery
-
04 Jul 2024
AQ Compute has started the construction of a new data center in Barcelona