Lubrizol Corporation is an American provider of specialty chemicals for the transportation, industrial and consumer markets.
[5] The Lubrizol Corporation was founded in 1928 as The Graphite Oil Products Company in Cleveland, Ohio, by father Frank A. Nason and son Francis A.
Toward the end of that decade, Lubrizol focused on developing products to help make cars cleaner and more fuel efficient.
[14][15] This occurred just weeks after a top Berkshire executive, David Sokol, made a major bet on the stock price with his own money.
[17] In December 2014, Lubrizol bought Weatherford International's engineered chemistry and drilling fluids businesses in a deal valued at US$825 million.
[18] The company announced in February 2017 that it shut down its Oilfield Operations business segment after posting $365 million in losses.
[20] The plan, which sought to increase global capacity in additives, featured a plant in Zhuhai, China, among others.