Berkshire Hathaway has completed the acquisition of US-based speciality chemical company Lubrizol for $135 per share in an all-cash transaction.
The transaction, having met all regulatory filing requirements, is valued at about $9.7bn, including around $0.7bn in net debt.
Lubrizol is now a wholly-owned subsidiary of Berkshire Hathaway, providing technology, service and global supply chain support to its customers.
Lubrizol's international headquarters will remain located in Wickliffe, Ohio and the company will be led by Lubrizol chairman, president and CEO James Hambrick.
