19163/Case-Studies/Lubrizol-Engine-Control-Systems.htm/DefaultFilePile/Logos/Lubrizol-Large.jpghas sold its Engine Control Systems division to/DefaultFilePile/Logos/CapitalWorks.jpg
Grace Matthews advised Lubrizol Corporation
<p>Engine Control Systems, owned by The Lubrizol Corporation, develops, manufactures and supplies custom-built technology-based and standard emission control products for original equipment, aftermarket and retrofit applications, primarily in the heavy-duty diesel market.</p> <p>Following its acquisition of Noveon International, Inc. (formerly part of BF Goodrich Chemicals), Lubrizol publicly announced that certain non-core operating assets, including ECS, would be divested. Lubrizol engaged Grace Matthews to run a competitive sale process for ECS.</p> <p>Lubrizol was concerned with not only maximizing value for its shareholders, but also finding a good home for the ECS business and its employees, which were located at four different facilities throughout North America and Europe. The business was ultimately sold to CapitalWorks, LLC, a Cleveland-based private equity firm.</p>
/DefaultFilePile/Transactions/lubrizol-capitalworks.jpgLubrizol Engine Control SystemsChemical SectorsDistribution, Equipment &amp; InfrastructureClient TypeLarge CorporationsPrivate Equity GroupsServicesCorporate Carve-outsManagement Buyouts and Recapitalizations02019-10-22T10:56:22.65300
Lubrizol Engine Control Systems

has sold its Engine Control Systems division to

Lubrizol Engine Control Systems

Lubrizol Engine Control Systems

Engine Control Systems, owned by The Lubrizol Corporation, develops, manufactures and supplies custom-built technology-based and standard emission control products for original equipment, aftermarket and retrofit applications, primarily in the heavy-duty diesel market.

Following its acquisition of Noveon International, Inc. (formerly part of BF Goodrich Chemicals), Lubrizol publicly announced that certain non-core operating assets, including ECS, would be divested. Lubrizol engaged Grace Matthews to run a competitive sale process for ECS.

Lubrizol was concerned with not only maximizing value for its shareholders, but also finding a good home for the ECS business and its employees, which were located at four different facilities throughout North America and Europe. The business was ultimately sold to CapitalWorks, LLC, a Cleveland-based private equity firm.

top