US speciality chemicals distributor Coast Southwest has acquired a surfactant manufacturing plant in Paso Robles, California from Lubrizol.
The facility makes surfactants used in a wide range of personal care and industrial products.
“This surfactant business is virtually in our DNA - I have had over a 30-year affiliation with this site under its present ownership and before that with prior owner Chemron Corporation,” said Coast Southwest president Joseph C. Cimo.
“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,” he added.
The terms of the deal were not disclosed.
The acquisition follows the official opening of Coast Southwest’s new corporate headquarters in Irving, Texas in September.
“In a single month, we have completed the two most significant events in Coast Southwest’s 38-year history,” added Cimo.
“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 feet 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.”