Lubrizol (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of its customer's products in the global transportation, industrial and consumer markets.
In 2011, Lubrizol was acquired by Berkshire Hathaway.
Lubrizol is best known as a supplier of additive blends used to meet SAE specification for motor oils. A motor oil company can manufacture product by purchasing the additive package for a specified motor oil base stock.
The company was also an aggressive investor in technology start-ups essentially functioning as a venture capital firm.