|Key people||James L. Hambrick (CEO)|
|Products||Lubricant Additives; Specialty Chemicals|
|Revenue||$6.1 billion (2012)|
The Lubrizol Corporation is a provider of specialty chemicals for the transportation, industrial, and consumer markets. These products include additives for engine oils and other transportation-related fluids, additives for industrial lubricants, and additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals, specialty materials, including plastics technology, and coatings in the form of specialty resins and additives. In 2007, the company was listed as 512 on the Fortune 1000. It has since moved up to 453 on the 2010 list.
On the basis of 2010 profitability metrics, total shareholder return (TSR) and earnings per share growth, Lubrizol was the top performing company among the 16 chemical companies that are on the Fortune 500.
On March 14, 2011, Berkshire Hathaway announced an agreement to purchase Lubrizol for US$9.7 billion.This happened just weeks after a top Berkshire executive David Sokol made a major bet on the stock price with his own money.