THE WHAT? Coast Southwest has successfully acquired a majority of the assets belonging to the surfactant manufacturing facility of The Lubrizol Corporation, located in Paso Robles, CA.
THE DETAILS The acquisition is a significant development for Coast Southwest, particularly for Joseph C. Cimo, the company’s President, who has maintained a 30-year association with the Paso Robles facility. This strategic move follows closely on the heels of the opening of Coast Southwest’s new corporate headquarters in Irving, TX.
THE WHY? The primary objective of this acquisition is to broaden the operational capabilities of Coast Southwest and enhance its standing in the market. However, the specific terms and conditions of the purchase remain confidential.