Lubrizol, a Berkshire Hathaway company, celebrated its 90th anniversary on 28 July 2018. The company was founded in Cleveland in 1928, moving to Lake County in 1931. The original Wickliffe location remains the site of Lubrizol’s world headquarters. Lake County is also home to Lubrizol’s Painesville facility. Lubrizol owns and operates 60 manufacturing facilities in 17 countries, as well as sales and technical offices around the world. The company has approximately 8,700 employees worldwide. Revenues for 2017 were USD 6.3 billion.
A milestone in Lubrizol’s history is the invention of thermoplastic polyurethane. It was in 1959 when TPU was invented by Lubrizol’s predecessor company BF Goodrich (Patent of C. S. Schollenberger US Pat. 2,871,218, 27 Jan 1959). Since that time, Lubrizol has continued to innovate the material, creating the first non-halogenated flame retardant TPU and the first static dissipative TPU.