Lubrizol Corp. said last week that it has sold Lubrizol Performance Systems to Dutch holding company Delft Instruments B.V. for an undisclosed amount. The unit, a supplier of blending and metering equipment, is the first of several non-core assets that Lubrizol plans to divest.
The companies described Lubrizol Performance Systems as a leading producer and supplier of custom-engineered, explosion-proof precision blending and additive metering equipment for the petroleum industry. It has offices and factories in Roswell, Ga., and Fareham, U.K., and has annual sales of $20 million.
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