Lubrizol Specialty Products, Inc. (LSPI) has a rich history, founded on a commitment to delivering industry leading flow improver technology.
For over 35 years, the business has both introduced and revolutionized the role of drag reducing agents (DRA) in pipelines. LSPI has had several name changes over the years as a result of changing parent companies. On February 26, 2014, Berkshire Hathaway acquired the flow improver business from Phillips 66.
“We were excited that our business attracted the attention of Berkshire Hathaway,” said Mike Brown, president of LSPI.
“Their reputation for hand picking businesses reinforces the excellence that we strive for in our everyday operations.
This move is an excellent opportunity for the business, and will not change our commitment to our customers or to leading the industry.”