The Lubrizol Corporation announced that it has purchased Dock Resins Corporation, Linden, NJ from Landec Corporation on Oct. 24, 2002.
Dock Resins develops, manufactures and sells proprietary polymers including acrylic, methacrylic, alkyd and polyester resins. Its products are used by customers throughout the U.S. in the paint and coatings, printing ink, laminating, adhesives and sealants, and grease markets. Dock Resins has 46 employees and annual sales of approximately $13 million.
With the acquisition of Dock Resins, Lubrizol’s paints, coatings and inks business expands its product offering, thereby becoming a more significant supplier to customers in key end-use applications.
“The acquisition of specialty resins technology, in combination with our existing products, will enable us to grow our business by offering new options to our coatings and inks customers,” said Don Bogus, Lubrizol vice president, fluid technologies. “Dock Resins’ high quality products, market knowledge and customer relationships will help us move forward to achieve our goal of The Lubrizol Corporation is a global fluid technology company concentrating on high-performance chemicals, systems and services for industry and transportation.”