Coast Southwest has acquired "substantially all" of the assets of The Lubrizol Corporation's surfactant manufacturing facility in Paso Robles, California. Terms were not disclosed
The plant manufactures surfactants for personal care and other applications. The acquisition follows the official opening of Coast Southwest’s new corporate headquarters in Irving, Texas.
“This surfactant business is virtually in our DNA,” said Joseph C. Cimo, president of Coast Southwest. “I have had over a 30-year affiliation with this site under its present ownership and before that with prior owner Chemron Corporation. Acquiring Paso Robles is extremely complementary to our business strategy of geographic and functional expansion. We believe that Coast Southwest offers the best prospects for the long-term viability of the site, its employees, and for the region economically.”
Cimo added, “In a single month, we have completed the two most significant events in Coast Southwest’s 38-year history. Our third-generation business has grown from a regional chemical distributor with West Coast roots to a multi-location North American powerhouse. Our 105,660-square-foot headquarters becomes the center point of Coast Southwest’s strategy. The Paso Robles assets will allow Coast Southwest to improve its value chain position and assert its competitiveness in the marketplace.”