Lubrizol Buys Plant From Bankrupt SIP


Lubrizol Corp. announced last week that it has acquired a Spartanburg, S.C., multi-purpose chemical production facility from bankrupt Specialty Industrial Products. Terms of the deal were not disclosed.

The facility includes two plants covering 16 acres, where SIP has made specialty surfactants and emulsifiers used in lubricants and metalworking fluids, as well as the textile, personal care, food processing and pharmaceutical industries. The acquisition also includes 104 adjacent acres, which Lubrizol plans to use for future expansion.

Lubrizol already owns a plant in nearby Fountain Inn, S.C., that manufactures foam control additives. In addition, Lubrizol Metalworking Additives is based in Spartanburg.

The Wickliffe, Ohio-based additive company said it will eventually move the Fountain Inn operations to Spartanburg and use the Fountain Inn facility to produce other industrial products.

SIP filed for Chapter 11 bankruptcy protection in November.

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