M&A Deal Summary

Berkshire Hathaway Acquires The Lubrizol

On September 16, 2011, Berkshire Hathaway acquired chemicals company The Lubrizol for 9.7B USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 3rd transaction in the Chemicals sector.
  • This is Berkshire Hathaway’s 9th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 52nd transaction in the United States.
  • This is Berkshire Hathaway’s 4th transaction in Ohio.

M&A Deal Summary
Date 2011-09-16
Target The Lubrizol
Sector Chemicals
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 9.7B USD
Advisor(s) Citigroup Investment Banking
Evercore Group (Financial)
Jones Day (Legal)

Target

The Lubrizol

Wickliffe, Ohio, United States
website
The Lubrizol Corporation is a specialty chemical company that produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel 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 performance coatings in the form of specialty resins and additives.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States

website

Category Company
Founded 1998
Sector Diversified
Employees360,000
Revenue 234.2B USD (2022)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 53 of 69
Sector (Chemicals) 3 of 4
Type (Add-on Acquisition) 39 of 47
State (Ohio) 4 of 4
Country (United States) 52 of 64
Year (2011) 2 of 3
Size (of disclosed) 9 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-07 Wesco Financial

Pasadena, California, United States

Wesco engages in three principal businesses through its own direct or indirect subsidiaries, including the insurance business, the furniture rental business and the steel service center business. Wesco’s operations also include the management of commercial and residential real estate.

Buy $548M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 Omaha World-Herald

Omaha, Nebraska, United States

Omaha World-Herald provides news, commentary, information and advertising that encourages readers to become involved in the world around them.

Buy $200M
Mergr

Product

Company

Legal