International Process Plants (IPP), a top provider of used and new process plants and equipment, announced that it has acquired The Lubrizol Corporation's idle Warwick Chemical Mostyn, Wales, UK facility.
This tactical move affirms IPP's dedication to assisting multinational manufacturers exit their surplus assets in a creative and sustainable way so they can concentrate on their core businesses while leaving it to IPP's expertise to redeploy the assets and open up new opportunities for the local workforce and community.
The Warwick Chemical Mostyn facility has a strong infrastructure that is perfect for a variety of chemical applications. It formerly produced stain removal ingredients for detergent products.
The site and its basic infrastructure will be made available for redevelopment to meet the needs of the local community as IPP plans to sustainably redeploy these assets to its client facilities around the world.
Commenting on the acquisition, Ronald Gale, President of International Process Plants, stated, "We are thrilled to announce the acquisition of the Warwick Chemical Mostyn site from Lubrizol. The trust that Lubrizol has placed in IPP's 45 years of experience in sustainably repurposing industrial manufacturing plants will allow the company to focus on their core business while IPP manages the orderly redevelopment of the site and redeployment of the manufacturing assets."
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