Verdant buys Lubrizol site

Verdant Specialty Solutions has closed the acquisition of Lubrizol’s Elmendorf site, in Texas including the associated product portfolio and the on-site R&D laboratory, advanced application testing capabilities and pilot-scale facilities. Terms were not disclosed.

The company said that this “significantly strengthens” its oil and gas production chemicals offer, adding HS scavengers, scale inhibitors, corrosion inhibitors and others to its existing portfolio. These assets will be integrated into Verdant’s Energy Services platform It plans to retain key technical capabilities at the site and use the R&D infrastructure to support existing and next-generation product development.