Specialty chemical maker Lubrizol is paying $166 million for rival Nalco's personal care business, which makes ingredients for hair, skin and home care products, the companies said on Wednesday.
Lubrizol said the deal will add to earnings this year. Nalco's unit brought in $45 million in sales in 2010.
Nalco said it was selling the business to focus on its core industrial water, energy and air applications business.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
BASF sells a majority stake in its coatings business to the investor Carlyle.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
