Issue Date: January 31, 2011
Nalco Sells Personal Care Business
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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