Photo: Lipotec

Photo: Lipotec

Last modified: 22/06/2012

Lipotec closes a purchase agreement with the multi-millionaire Warren Buffet

The biotechnology group announces the acquisition of the company by the Lubrizol Corporation.

The Catalan biotechnology company Lipotec , devoted to the production of cosmetic compounds for luxury product firms, reported the purchase of the company by the Lubrizol Corporation, a company controlled by the tycoon Warren Buffet

The announcement was made public within the framework of Bio Boston, the world's major biotechnology Convention held from 17th to 21st June, in which 72 Catalan companies and organisations participated.

The purchase agreement, which includes the Lipotec cosmetics division and the subsidiaries Diverdrugs and Lipofoods, will enable the Catalan company to innovate and open itself up to new markets. 

The company had a turnover of more than 6,000 million dollars in 2011 and currently sells its products in the United States, France, Germany, Italy, Singapore and Australia.

Lipotec 

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