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Lubrizol: Lubrizol Acquires Vesta

2014-08-01 17:51:00
Ticker Giełda ISIC Kraj Miasto
U.S.A. Wickliffe, Ohio

Expands company's application capabilities offered to life science market

CLEVELAND, August 1, 2014 -The Lubrizol Corporation announces that it has

acquired Vesta, a leading contract manufacturer for the global medical device

industry.  This acquisition broadens Lubrizol's life science manufacturing

capabilities, applications and material portfolio with access to silicone and a

variety of other thermoplastics utilized in medical devices.

Headquartered in Franklin, WI, Vesta has three manufacturing locations in the

U.S. and offers disposable silicone medical components, providing silicone

molding, extrusion, sheeting, dip-casting and assembly services.  As a full

service provider to medical device original equipment manufacturers, Vesta also

supplies precision thermoplastic extruded tubing, assemblies and secondary

operations to its medical device customers. Vesta has a long history of medical

design engineering experience with clinical device applications in cardiology,

urology, wound care and bariatrics.

"The addition of Vesta significantly enhances our life science offerings through

the combination of strong polymer technology, applications know-how and world

class component manufacturing," stated Deb Langer, general manager, Lubrizol

LifeSciences. "As medical device companies look for total solution providers,

the expertise and capabilities of Vesta give us the ability to provide a more

valuable offering to these customers on a global basis."

Previously owned by RoundTable Healthcare Partners, an operating-oriented

private equity firm focused exclusively on the healthcare industry, Vesta will

now be part of Lubrizol Advanced Materials. Financial terms of the transaction

were not disclosed.

About The Lubrizol Corporation

The Lubrizol Corporation, a Berkshire Hathaway company, is an innovative

specialty chemical company that produces and supplies technologies to customers

in the global transportation, industrial and consumer markets. These

technologies include lubricant additives for engine oils, other transportation-

related fluids and industrial lubricants, as well as fuel additives for gasoline

and diesel fuel. In addition, Lubrizol makes ingredients and additives for

personal care products and pharmaceuticals; specialty materials, including

plastics technology and performance coatings in the form of specialty resins and

additives. Lubrizol's industry-leading technologies in additives, ingredients

and compounds enhance the quality, performance and value of customers' products,

while reducing their environmental impact.

With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates

manufacturing facilities in 17 countries, as well as sales and technical offices

around the world. Founded in 1928, Lubrizol has approximately 7,500 employees

worldwide. Revenues for 2013 were $6.4 billion. For more information, visit


Media Contact

Julie S. Young


Website:  www.lubrizol.com


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Source: Lubrizol via GlobeNewswire