News Release
Lubrizol Skin and Dermal Care Integrate to Form Lubrizol Skin Essentials
CLEVELAND, April 4, 2017 - The Lubrizol Corporation announces that its Skin Care and Dermal Care segments will now be combined and operate under the new name, Lubrizol Skin Essentials. This move is an evolution of the "Accelerating your creativity vision" established by Lubrizol Skin Care two years ago with the aim of offering more comprehensive assistance to its clients.
This vision introduced a new solution for the continuously changing and demanding skin care market, focusing Lubrizol's Skin Care brand promise on becoming a partner to its customers and helping boost creativity with innovative concepts, strong technical and regulatory support, as well as flexibility in supply and delivery.
Joining Lubrizol's functional ingredients and Lipotec's active ingredients under Lubrizol Skin Care was the first move to bring a complete advanced skin care offering to the market. Since then, the team has leveraged its skin care science knowledge by focusing on ingredients and formulation concepts that deliver a beautiful and healthy skin experience to the end consumer. Lipotec's molecular science, delivery systems and botanical extracts yield to an unlimited source of active ingredients with proven efficacy to meet every skin care need. The polymer technologies of Lubrizol complete the portfolio and deliver unique performance benefits with superior sensory experiences in a wide range of cosmetics including skin care, sun care and color care.
Since Lipotec became Lubrizol's global center of expertise for skin care, a new clinical testing laboratory was formed within the company's Barcelona facility in the fall of 2016, establishing the company's strong commitment to the new mission. Completing the skin care, sun care and color cosmetics application laboratories, and the already existing in vitro facilities, the new labs serve as a point of reference for research in the advancement of active ingredients and allow Lubrizol to accelerate the launch of new products to the market.
Lubrizol's Dermal Care division had a focus on developing sensory pleasing skin topical systems and solutions to enhance the delivery of monographed active ingredients onto and into the skin, which was very aligned with Lubrizol Skin Care goals. Thus, the decision to regroup the two entities to maximize synergies and facilitate leveraging technology.
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The new Lubrizol Skin Essentials division expands the company's vision to become a preferred partner in the aesthetic and wellness market by using science to deliver skin health and well-being, continuing to empower customers with products and services that will enable them to accelerate and enhance their creativity.
About The Lubrizol Corporation The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.
With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,300 employees worldwide. Revenues for 2016 were $6.5 billion. For more information, visit Lubrizol.com.
Media Contact Lee Roberts 216 447-6117 Website: www.lubrizol.com
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