Lubrizol Pledges Multi-Million-Dollar Investment to Elevate Ohio-Based Global Headquarters

• As Lubrizol approaches its centennial in 2028, the company deepens its commitment to Northeast Ohio with a strategic investment in its Wickliffe-based world headquarters
• This investment elevates the company’s innovation and impact with enhanced labs, a Lubrizol experience center, and collaborative meeting spaces, among other projects

WICKLIFFE, Ohio--(BUSINESS WIRE)--Lubrizol is proud to announce a multi-million-dollar investment to elevate its Wickliffe, Ohio, headquarters, as the company approaches its 100th anniversary in 2028 and looks to solidify its next century of innovation and impact.

The investment will integrate Lubrizol’s Brecksville employees and capabilities into its Wickliffe campus, allowing more than 1,000 of the company’s Northeast Ohio personnel to collaborate from a singular campus. This strategic project aims to enhance teamwork and accelerate decision making, increasing in-person connectivity and expanding development opportunities by bringing together the innovators who lead Lubrizol's breakthrough science in a modernized workplace.

Through this investment, Lubrizol reinforces its commitment to the region and brings a boost in economic activity and community engagement to Lake County, as one of the county’s largest employers. The investment also strengthens Lubrizol’s global reach, as its work in Northeast Ohio impacts operations and customers in approximately 100 countries.

“Lubrizol’s innovation legacy began in a Cleveland garage when Lubrizol invented its first automotive solutions to lubricate leaf springs on early automobiles,” said Rebecca Liebert, Lubrizol’s President and CEO. “Nearly a century and thousands of patents later, our extraordinary Northeast Ohio talent continues to innovate for breakthrough solutions, enabled by Lubrizol science. By uniting our teams under one roof, we’re building an even more connected and agile organization to drive lasting impact and enhance countless products that consumers across the world use every day.”

“Once again, Lubrizol has chosen Ohio and Lake County for the heart of its operations. By reinvesting in its global headquarters and state-of-the-art labs, Lubrizol is building on its nearly 100-year legacy in Greater Cleveland, reinforcing the company's impact on Northeast Ohio,” said Gov. Mike DeWine. “Lubrizol stayed in Ohio because its team recognizes the competitive advantage of doing business here. This announcement sends a clear signal to a global audience that our state is built for businesses to succeed.”

The investment in the Wickliffe campus includes enhancing the campus’ labs, expanding innovation capabilities and adding a Lubrizol experience center. Building renovations augment the employee experience, including interactive workspaces, renovated on-site cafeterias, and a multipurpose space to support meetings and events. Construction will be completed in phases over the next two years.

“Lubrizol is our city’s largest employer and is deeply ingrained in our community. Our residents and fellow manufacturing companies rely on Lubrizol to provide jobs, stable incomes, and a strong, resilient local economy. The core of my administration has always been business attraction, retention, and expansion, and Lubrizol’s expansion builds on the momentum we have seen across the community. We are competing successfully on a national scale,” said Joseph D. Sakacs, Mayor, City of Wickliffe.

“This is the largest economic development project in Lake County since the creation of JobsOhio and Team NEO. The project demonstrates the Commissioners’ leadership in streamlining government operations while fostering a business-friendly environment where companies can grow. This enhanced headquarters facility will provide Lubrizol with the competitive advantage needed to continue succeeding in a global marketplace—right here in Lake County. The Commissioners, along with the City of Wickliffe, are excited to see this Lake County business remain local and continue to be a worldclass company,” said Commissioners John T. Plecnik and Morris W. Beverage III.

“Northeast Ohio’s highly skilled workforce has been pivotal to Lubrizol's long-term success for nearly a century, and this investment marks the company’s next chapter of modernization and innovation,” said JobsOhio President and CEO J.P. Nauseef.

"Investing in the Northeast Ohio Region is a confirmation of Lubrizol’s long-standing commitment to its employees, their families, and the Northeast Ohio Region,” said Team NEO Chief Executive Officer Matt Dolan. “We are grateful for Lubrizol’s confidence in Northeast Ohio to help them continue to thrive.”

“This announcement validates what we in Lake County have long understood—that our community can compete not just regionally, but nationally. We are proud of our ongoing partnership with The Lubrizol Corporation and excited about the growth and momentum that will continue for decades to come,” said Patrick T. Mohorcic, Executive Director, Lake Development Authority.

The company also will continue its operations in Painesville and Avon Lake as part of its Northeast Ohio footprint.

About The Lubrizol Corporation

Lubrizol, a Berkshire Hathaway company, is a science-based company whose specialty chemistry delivers sustainable solutions to advance mobility, improve well-being and enhance modern life. Every day, the innovators of Lubrizol strive to create extraordinary value for customers at the intersection of science, market needs and business success, driving discovery and creating breakthrough solutions that enhance life and make the world work better. Founded in 1928, Lubrizol has global reach and local presence, with more than 100 manufacturing facilities, sales and technical offices and more than 7,000 employees around the world. For more information, visit www.Lubrizol.com.