The specialty chemical maker announced this month that all of its North American divisions are now doing business under a single name: Lipotec USA, Inc.
This announcement directly affects two businesses that Lubrizol acquired as part of the company’s push to grow its skin care ingredient business in Mexico, the US, and Canada.
Lubrizol bought Active Organics in 2011 as a deliberate move into the botanical extracts and natural ingredients markets. Commenting on the deal at the time, Michael Bishop, then president of Active Organics, told the press, “Lubrizol is a known leader in the personal care industry with a strong commitment to investing in the technology, resources and global reach required to meet the demands of today's customers.”
“Joining with Lubrizol provides significant benefits and opportunities for our talented workforce, as well as our customers, and I am excited about our future together,” added Bishop.
Then, mid-way through 2012, Lubrizol acquired Lipotec SA, which it described as “a leader in the development, manufacturing and sale of personal care ingredients based on three core technologies: peptide-based active cosmetic ingredients, delivery systems and biotechnology products,” in a press release about the deal.
These two companies are now collectively known as Lipotec USA, Inc.
The name change took effect on Thursday January 19. And since then, the former Active Organics facility in Lewisville, Texas, is Lipotec headquarters here in the States.
It’s not likely the change will cause much confusion or concern in the supply chain. Since 2015 Lubrizol has sold Actives Organics as a Lipotec brand. That change was made as “part of the company’s mission to provide customers with innovative products, comprehensive assistance and the necessary resources and services to support its growth and skin care initiatives, all in the fastest and most effective way possible,” explains Lubrizol in a press release about the new Lipotec USA, Inc. designation.