{"id":5790,"date":"2017-01-12T11:32:13","date_gmt":"2017-01-12T17:32:13","guid":{"rendered":"https:\/\/www.ulprospector.com\/knowledge\/?p=5790"},"modified":"2017-01-12T11:32:13","modified_gmt":"2017-01-12T17:32:13","slug":"lmf-inolex-announces-sale-lexolube","status":"publish","type":"post","link":"https:\/\/ulprospector.ul.com\/5790\/lmf-inolex-announces-sale-lexolube\/","title":{"rendered":"INOLEX Announces the Sale of Lexolube\u00ae"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-3927\" src=\"https:\/\/ulprospector.ul.com\/media\/2016\/03\/Inolex.jpg\" alt=\"\" width=\"227\" height=\"130\" \/>January 11, 2017 <em>(Philadelphia, PA USA) \u2014 <\/em>INOLEX is pleased to announced the sale of its industrial lubricants division (the \u201cLexolube Division\u201d) to Zschimmer &amp; Schwarz.<\/p>\n<p>The transaction follows several years of tremendous global growth for INOLEX and will allow INOLEX to focus on its unique capabilities and strengths in the personal care ingredients market. Proceeds from the transaction will be reinvested to fuel INOLEX\u2019s continued growth.<\/p>\n<p>\u201cThis transaction represents an important strategic milestone for INOLEX as we focus on providing innovative ingredients for the beauty care and consumer care markets,\u201d said David Plimpton, President and CEO of INOLEX. \u201cWe are in the midst of making a transformational re- investment across our organization as we continue to provide tailored solutions for our clients\u2019 formulation needs.\u201d<\/p>\n<p>Over the past year, INOLEX has expanded its global footprint with a new commercial office and application lab in Guangzhou, China and a new commercial office in S\u00e3o Paulo, Brazil. INOLEX also launched more than a dozen new products including the Sustoleo\u2122 line of palm-free ingredients and the PhytoTrace\u2122\u00a0 line of traceable extracts from Provence, France.<\/p>\n<p>In order to support this growth, INOLEX continues to invest by hiring top industry talent, which includes the recent addition of Art Knox as VP, Head of Global Personal Care Sales. \u201cIt has been a pleasure to join the INOLEX team and participate in this exciting phase of the organization\u2019s growth,\u201d said Mr. Knox. \u201cINOLEX has long been known as a provider of innovative technologies, and we are committed to bringing client-focused, high value solutions to personal care formulators globally.\u201d<\/p>\n<p>INOLEX will continue to support Lexolube through a transition services arrangement until manufacturing is transferred to Zschimmer &amp; Schwarz.<\/p>\n<p><u>About INOLEX<\/u><\/p>\n<p>INOLEX is an independent, global personal care ingredient company with expertise in providing innovative materials for the world&#8217;s leading cosmetic and consumer product companies.<\/p>\n<p>INOLEX products include new, safe technologies for naturally preserving cosmetics, high- performance polymers for sun-care applications, and a range of other renewable, sustainable, and green-chemistry-based ingredients which provide effective solutions for its clients including alternatives to silicones and palm-derived ingredients.<br \/>\nContact:<\/p>\n<p>Fana Makonnen, Technical Marketing Manager INOLEX, Incorporated<\/p>\n<p>215-320-1534<\/p>\n<p>&#102;&#109;&#97;&#107;&#111;&#110;&#110;&#101;&#110;&#64;&#105;&#110;&#111;&#108;&#101;&#120;&#46;&#99;&#111;&#109;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>January 11, 2017 (Philadelphia, PA USA) \u2014 INOLEX is pleased to announced the sale of its industrial lubricants division (the \u201cLexolube Division\u201d) to Zschimmer &amp; Schwarz. The transaction follows several years of tremendous global growth for INOLEX and will allow &hellip; <a href=\"https:\/\/ulprospector.ul.com\/5790\/lmf-inolex-announces-sale-lexolube\/\">Continued<\/a><\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"categories":[50],"tags":[],"ppma_author":[1237],"class_list":{"0":"post-5790","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-supplier-news","7":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INOLEX Announces the Sale of Lexolube\u00ae - Prospector Knowledge Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ulprospector.ul.com\/5790\/lmf-inolex-announces-sale-lexolube\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INOLEX Announces the Sale of Lexolube\u00ae - Prospector Knowledge Center\" \/>\n<meta property=\"og:description\" content=\"January 11, 2017 (Philadelphia, PA USA) \u2014 INOLEX is pleased to announced the sale of its industrial lubricants division (the \u201cLexolube Division\u201d) to Zschimmer &amp; Schwarz. 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