What happened to Chemtura stock?
On April 21, 2017, Chemtura was officially acquired by Lanxess for $2.1 billion in cash.
Did Lanxess buy Chemtura?
Lanxess completes Chemtura acquisition. COLOGNE, Germany—Lanxess A.G. has completed the acquisition of Chemtura Corp., one of the world’s leading suppliers of flame retardant and lubricant additives, effective April 21. The transaction closed earlier than projected, Lanxess said in a statement.
What does Chemtura do?
Chemtura Corporation is a developer, manufacturer and marketer of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products.
Who bought Chemtura?
LANXESS
Specialty chemicals company LANXESS has signed a contract to take over the US-based specialty chemicals company Chemtura Corporation. Chemtura is one of the major global providers of high-quality flame retardant- and lubricant additives.
Who bought Great Lakes Chemical?
Crompton Corp.
Crompton Corp. has signed a definitive agreement to buy its smaller rival, Great Lakes Chemical, in a transaction valued at $1.8 billion including the assumption of $250 million in debt.
Who owns Great Lakes Chemical?
ChemturaCrompton Corporation
Great Lakes Chemical Corporation/Parent organizations
Does Warren Buffett Own Lubrizol?
In other news on the markets this week, Warren Buffett quietly made an acquisition. A big one. Even by his standards. The 80-year old investor put down $9.7 billion, or about a quarter of Berkshire Hathaway’s entire cash pile, to buy Lubrizol Corporation, a specialty chemicals company based in Wickliffe, Ohio.
Is Lubrizol a big company?
Lubrizol went public on the New York Stock Exchange in the 1960s, and in 2011, the company was acquired by Berkshire Hathaway. Today, the com- pany has annual revenues of more than $6 billion, 8,800 employees, more than 100 facilities and customers in over 100 countries.
How much is Lubrizol worth?
Since 2011, Lubrizol has been a subsidiary of Berkshire Hathaway. It generated $6.5 billion in revenue in 2016 and has an employee headcount of approximately 8,300 people globally….Lubrizol.
| Type | Subsidiary |
|---|---|
| Key people | Mary Rhinehart interim president and CEO |
| Products | Specialty chemicals |
| Revenue | Approximately $6.5 billion (2016) |
Who is the CEO of Lubrizol?
Mary Rhinehart (Mar 11, 2022–)Lubrizol / CEO
Does Lubrizol pay well?
How much does Lubrizol in the United States pay? The average Lubrizol salary ranges from approximately $42,000 per year for Intern to $151,732 per year for Controller. Average Lubrizol hourly pay ranges from approximately $12.50 per hour for Inspector to $44.72 per hour for Maintenance Supervisor.
Is Lubrizol being sold?
Lubrizol Specialty Products, the business purchased from Phillips 66, is now a standalone unit at Berkshire, Young said. Other parts of Oilfield Services were integrated into Lubrizol’s Additives segment, she added. The company is also looking to sell operations in Canada, Argentina, Ivory Coast and Nigeria.
Is Lubrizol a good company to work for?
90% of employees would recommend working at Lubrizol with the overall rating of 3.6 out of 5. Employees also rated Lubrizol 3.6 out of 5 for Company Culture, 3.7 for Rewards You Receive, 3.0 for Growth Opportunities and 3.7 for support you get.
Who bought Lubrizol?
Warren Buffett’s Berkshire Hathaway
Jones Day advised The Lubrizol Corporation in its acquisition by Berkshire Hathaway for $9.7 billion. Berkshire Hathaway acquired 100% of Lubrizol’s outstanding shares for $135 per share in an all-cash transaction.