Is Chemtool owned by Berkshire Hathaway?
Is Chemtool owned by Berkshire Hathaway?
Chemtool Incorporated is a Lubrizol Company owned by Warren Buffett’s Berkshire Hathaway.
What does chemtool Inc do?
Chemtool is the owner of a grease, lubricating oil, and fluids manufacturing plant at 1165 Prairie Hill Road, Rockton (Winnebago County).
What chemicals are at Chemtool?
Officials from Chemtool and its parent company Lubrizol Additives confirmed the facility stored dozens of hazardous chemicals at the Rockton site to manufacture industrial greases and lubricants. Among the materials were zinc, sulfuric acid, nitrogen, lead, and ethylene glycol, also known as antifreeze.
Who is Chemtool owned by?
Berkshire Hathaway
Chemtool Incorporated is a Lubrizol Company owned by Berkshire Hathaway. We are one of the largest manufacturers and custom formulators of lubricants and specialty products with some of the largest grease reactors globally, providing an unparalleled capacity to fulfill customers’ needs.
What did chemtool manufacture?
Chemtool Incorporated is one of the largest manufacturers and custom formulators of fluids, lubricants and grease in the world. Chemtool’s product lines improve performance, extend service life, provide process improvements and reduces the cost of running equipment.
What caused the fire at chemtool?
On June 14, 2021, a maintenance accident at the Chemtool Incorporated manufacturing plant in Rockton, Illinois, triggered a chemical fire that lasted four days and injured two emergency workers.
What brand of grease does Chemtool make?
Metalcote
In 1992, Chemtool acquired Metalcote, a specialty, private label manufacturer of lubricating greases based in Minneapolis, Minn. The Metalcote division manufactures private label greases and lubricants for a majority of the major oil companies, agricultural and consumer markets.
Who owns Chemtool in Rockton Illinois?
There were about 70 employees of the plant in Rockton. No employees were injured. Under the cleanup order, Chemtool, which is owned by Lubrizol Corporation, would reimburse Illinois Environmental Protection Agency, Illinois Emergency Management Agency, and Winnebago County for their costs in responding to the fire.
How many employees does chemtool have?
Chemtool Incorporated has 500 total employees across all of its locations and generates $103.20 million in sales (USD).
Is Chemtool part of Lubrizol?
Lubrizol agreed to acquire Chemtool, saying its private label grease manufacturing is a good fit with Lubrizols additives business. Terms were not disclosed. The deal is expected to close in the fourth quarter, following regulatory approvals.
What is made at Chemtool Rockton?
finish greases
As a massive fire continues to burn at Chemtool in Rockton, officials revealed what the purpose of the northern Illinois plant is. According to Bill Snyder, vice president of operations at parent company Lubrizol Additives, Chemtool produces finish greases for automobile and industrial machinery production.
What started Chemtool fire?
Rockton Fire Chief Kirk Wilson said in a press release that the June 13 fire at the Chemtool plant started as contractors were replacing insulation on an elevated heat transfer piping network. The system heats vessels used in manufacturing lubricating greases.
What does Chemtool in Rockton Illinois make?
As a massive fire continues to burn at Chemtool in Rockton, officials revealed what the purpose of the northern Illinois plant is. According to Bill Snyder, vice president of operations at parent company Lubrizol Additives, Chemtool produces finish greases for automobile and industrial machinery production.
What caused the fire at Chemtool?
What chemicals were at Chemtool fire?
Records obtained by 13 WREX show the plant holds Zinc, Sulfuric Acid, Nitrogen, Lead, Ethylene Glycol (antifreeze, as Tate-Nadeau said), and Diphenylmethane Diisocyanate.