• Lubrizol sells engine system business

    Cleveland, OH-based Lubrizol Corp. is selling its Engine Control Systems (ECS) business, with facilities located in Canada, the U.S. and Sweden, to CapitalWorks, an equity firm also based in Cleveland
    Jan. 5, 2006

    Cleveland, OH-based Lubrizol Corp. is selling its Engine Control Systems (ECS) business, with facilities located in Canada, the U.S. and Sweden, to CapitalWorks, an equity firm also based in Cleveland.

    This is Lubrizol’s third divestiture since it announced its intent in July to market non-core businesses. ECS, with current annual sales of approximately $24 million, was part of Lubrizol’s services and equipment product line in the Lubricant Additives segment. Terms of the combination stock and asset sale were not disclosed.

    ECS designs and manufacturers exhaust aftertreatment performance systems that reduce harmful emissions in mining, materials handling and off-road vehicles and equipment, in stationary engines, and in truck and bus fleets. Products are sold as original equipment to diesel engine manufacturers or as retrofit devices for older diesel vehicles and equipment, said Steve Kirk, president of Lubrizol Additives.

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from News

    ID 119046131 © Jonathan Weiss | Dreamstime.com
    English language proficiency support
    A FleetOwner survey illustrates how industry readers view the government renewed English language proficiency enforcement. Respondents overwhelmingly support ELP in out-of-service...
    Daimler Truck
    Daimler and Volvo's Coretura leadership
    Two of the largest global truck OEMs have established a joint venture to develop one software-defined vehicle platform, bringing standardization to the industry. While the company...
    Nissan
    Lofaro succeeds Judy Wheeler, who is retiring after nearly 15 years of dedicated service to the brand.
    Major leadership changes are happening for Mack Trucks, Volvo Trucks North America, and Nissan Americas.