Lubrizol Corp. Announces Agreement to Acquire Noveon
WICKLIFFE, OH - The Lubrizol Corp. announced a definitive agreement to acquire Noveon International Inc., a supplier of coatings resins and other specialty chemicals, in a transaction valued at $1.84 billion.
The acquisition, which is subject to regulatory approval, would create a combined company with approximately $3.2 billion in annual sales. Lubrizol said Noveon would become a wholly owned subsidiary following completion of the acquisition.