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Business

Nalco Sells Personal Care Business

by Marc S. Reisch
January 31, 2011 | A version of this story appeared in Volume 89, Issue 5

Nalco has sold its performance products group to Lubrizol for $166 million. The group supplies hair- and skin-conditioning polymers, preservatives, and ultraviolet-light-absorbing polymers to formulators of personal care products. Its sales last year were $45 million. Nalco CEO J. Erik Fyrwald says the personal care business is more product- than service-oriented and thus not a strategic fit with its industrial water treatment and environmental mitigation businesses. For its part, Lubrizol will integrate the Nalco products into its Noveon personal care product line.

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