Telene's business office is located in
This is Lubrizol's second divestiture since it announced its intent in July to market non-core businesses with combined revenues of $500 million. The Telene business is part of the specialty materials product line in Lubrizol's Specialty Chemicals segment.
Telene, with 2004 revenues of less than €10 million, markets high-purity dicyclopentadiene (DCPD) Telene resins and proprietary catalyst systems to the reaction injection moulding industry, principally in Europe and
Customers produce and sell high-impact-resistant moulded parts to various original equipment manufacturers, primarily in the agricultural, earth-moving equipment and truck markets.
The sale, which is expected to close early next year, is subject to certain regulatory approvals. Terms of the sale were not disclosed.