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OMAHA, Neb. — American conglomerate Berkshire Hathaway has completed its $9 billion acquisition of specialty chemical maker Lubrizol, according to Banking Business Review.
With the closing of this transaction, Lubrizol is now a wholly-owned subsidiary of Berkshire Hathaway.
As a part of this acquisition, Lubrizol’s international headquarters remain located in Ohio and the company continues to be led by chairman, president and CEO James Hambrick.