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Nalco Sells Its Performance Products Group to Lubrizol

Nalco (NYSE: NLC) announced it has sold its Performance Products Group (PPG) to The Lubrizol Corporation for $166 million.

“Our personal care business is more product oriented than service oriented and not a strategic fit with our emphasis on providing sustainability services for industrial water, energy and air applications,” said Nalco Chairman and Chief Executive Officer J. Erik Fyrwald. “Lubrizol is a well-respected industry leader with a strong commitment to the personal care industry, which is more of an advantage for that business. This sale allows Nalco to more closely concentrate on the industrial and institutional markets that are the core of our business.”

Nalco sold certain assets to Lubrizol as part of the transaction, excluding any assets relating to the Nalco supply chain. Nalco will also continue to supply certain products to Lubrizol relating to the personal care business.

For more information on Lubrizol Personal Care products, including MERQUAT, SENSOMER, SOLAMER, FIXOMER and MERGUARD, visit Lubrizol's website: http://www.lubrizol.com/personalcare/