TITLE

Lubrizol in enviable position: gobs of cash

AUTHOR(S)
SHINGLER, DAN
PUB. DATE
June 2010
SOURCE
Crain's Cleveland Business;6/28/2010, Vol. 31 Issue 26, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on Wickliffe, Ohio-based Lubrizol Corp., a producer of lubricant additives and specialty chemicals, which accumulated a large amount of cash in 2009 despite the recession. The company is looking for acquisitions as it has 1 billion dollars in cash collected through sensible investments, cost-cutting and improved margins. Charles Cooley, chief financial officer (CFO) of Lubrizol, said the company bought back 60 million dollars of its stock in the first quarter of 2010.
ACCESSION #
55560420

 

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