Nalco Sells Personal Care Business | January 31, 2011 Issue - Vol. 89 Issue 5 | Chemical & Engineering News
Volume 89 Issue 5 | p. 28 | Concentrates
Issue Date: January 31, 2011

Nalco Sells Personal Care Business

Department: Business
Keywords: personal care, divestiture, acquisition

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.

Chemical & Engineering News
ISSN 0009-2347
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