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LUBRIZOL BOARD APPROVES ACQUISITION

 CLEVELAND, Sept. 27 /PRNewswire/ -- The Lubrizol Corporation (NYSE: LZ) announced that its board of directors has approved the purchase of selected commercial and technical assets of the Great Lakes Chemical France S.A. lubricant additive business for $15 million. This transaction involves the technology for polymethacrylate-based viscosity modifiers which will complement Lubrizol's existing line of lubricant additives. Great Lakes Chemical will supply polymeth-acrylate products to Lubrizol from its Persan, France, facility on a long-term contract basis.
 The transaction has been approved by the boards of directors of both companies but will not be completed until government approvals are obtained in France, Belgium and Germany. These approvals are expected in October.
 The Lubrizol Corporation is a full-service supplier of performance chemicals for lubricants and fuels to customers worldwide.
 -0- 9/27/93
 /CONTACT: K. H. Hopping of Lubrizol, 216-943-4200, Ext. 5253/
 (LZ)


CO: The Lubrizol Corporation; Great Lakes Chemical France S.A. ST: Ohio IN: CHM SU: TNM

AR -- CL009 -- 5992 09/27/93 14:26 EDT
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Publication:PR Newswire
Date:Sep 27, 1993
Words:166
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