News contact: Cindy Rakowitz - (818) 783-3307 s release was issued through eReleases(TM).For more information,visit http:// & Stein, LLPCindy Rakowitz for Klueger & Stein, LLP, 1-818-783-3307,; or Robert F Klueger or Jacob Stein,1-818-933-3838. 5 /PRNewswire-FirstCall/ The Lubrizol Corporation(NYSE: LZ) announced today that it has acquired the thermoplastic polyurethane(TPU) business from The Dow Chemical Company, a $54 billion diversifiedchemical company. This acquisition, structured as a sale and purchase ofassets, will expand Lubrizol's Estane(R) Engineered Polymers business. The DowTPU business had 2007 revenues of approximately $85 million. 
The deal closedon December 31, 2008.(Logo: http:// )Located in La Porte, TX, Dow's TPU product line spans the continuumbetween elastomeric and rigid TPU properties. The two key brands representingthe business are: PELLETHANE(TM) Thermoplastic Polyurethane Elastomers, used in a varietyof high-value elastomer applications including footwear, medical tubing,automotive, film and industrial/engineering applications; and ISOPLAST(TM) Engineering Thermoplastic Polyurethane Resins, used in avariety of niche, specialty applications that require its unique combinationof high-end engineering plastic properties that include clarity, impactstrength and chemical resistance.With 50 years of industry experience, Lubrizol is a global leader inthermoplastic elastomers, marketing products under the Estane ThermoplasticPolyurethane brand name. Estane TPU is an engineered, highly versatilethermoplastic elastomer that is utilized in film extrusion, tubing, cablejacketing, injection molding, calendaring and solution processes forapplications such as textiles, wire and cable, hose and tube, optical,industrial, agriculture and others."We are excited to be adding Dow's TPU capabilities and products to ourexisting Estane Engineered Polymers business. Given Dow's strong TPU brandrecognition in the U.S., this addition further supports our strategy of growththrough geographic expansion as it will allow us to introduce new products andtechnology to international markets where Dow's TPU business has had limitedpenetration," said Mike Vaughn, Lubrizol vice president, Estane EngineeredPolymers. "The acquisition continues to strengthen and expand our productportfolio and provides us access into new end uses, such as niche medicalapplications, which we believe will benefit our customers worldwide."Although Dow has demonstrated proven product development capabilities,strong customer relationships and a solid industry reputation over the years,it has decided to exit its TPU business due to a re-focus on investmentpriorities and the lack of a strategic fit."I am pleased that this transaction with Lubrizol will provide ourexperienced and knowledgeable workforce, as well as our customers, the benefitof increased scale to support additional investment in new and enhancedtechnologies, products and services," stated George Biltz, Dow Corporate VicePresident, Strategic Development and Planning. "I am sure our business andour customers will be in good hands." The move ensures that Dow's existingcustomers will continue to be supplied with the company's products.The agreement includes all commercial, production and research anddevelopment assets of the Dow TPU business. Lubrizol will be assumingapproximately 40 full-time employees.

All Dow TPU products will betransitioned immediately to Lubrizol.The Dow brand names will be retainedand unified under the Estane Engineered Polymers business.Financial terms of the agreement were not disclosed.About The Lubrizol CorporationThe Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemicalcompany that produces and supplies technologies that improve the quality andperformance of our customers' products in the global transportation,industrial and consumer markets. These technologies include lubricantadditives for engine oils, other transportation-related fluids and industriallubricants, as well as fuel additives for gasoline and diesel fuel. Inaddition, Lubrizol makes ingredients and additives for personal care productsand pharmaceuticals; specialty materials, including plastics technology andperformance coatings in the form of specialty resins and additives. Lubrizol'sindustry-leading technologies in additives, ingredients and compounds enhancethe quality, performance and value of customers' products, while reducingtheir environmental impact.With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns andoperates manufacturing facilities in 19 countries, as well as sales andtechnical offices around the world. Founded in 1928, Lubrizol hasapproximately 6,950 employees worldwide. Revenues for 2007 were $4.5 billion.For more information, visit http:// .About DowWith annual sales of $54 billion and 46,000 employees worldwide, Dow is adiversified chemical company that combines the power of science and technologywith the "Human Element" to constantly improve what is essential to humanprogress.
More informationabout Dow can be found at http:// .Forward Looking StatementThis press release contains forward-looking statements within the meaningof the federal securities laws.As a general matter, forward-lookingstatements relate to anticipated trends and expectations rather thanhistorical matters.Forward-looking statements are subject to uncertaintiesand factors relating to the company's operations and business environment thatare difficult to predict and may be beyond the control of the company.Suchuncertainties and factors may cause actual results to differ materially fromthose expressed or implied by forward-looking statements.Uncertainties andrisk factors that could affect the future performance of the company and causeresults to differ from the forward-looking statements in this press releaseinclude, but are not limited to, the company's ability to raise prices in anenvironment of increasing raw material costs; conditions affecting thecompany's customers, suppliers and the industries that it serves; competitors'responses to the company's products; the increased leverage resulting from thefinancing of the Noveon International, Inc. acquisition; changes inaccounting, tax or regulatory practices or requirements; and other factorsthat are set forth in the company's most recently filed reports with theSecurities and Exchange Commission.The forward-looking statements containedherein represent the company's judgment as of the date of this release and itcautions readers not to place undue reliance on such statements.The companyassumes no obligations to update the statements contained in this release.SOURCEThe Lubrizol CorporationFinancial-Investor, Mark Sutherland, 1-440-347-1206; or, Media, Julie Young,1-440-347-4432, both for The Lubrizol Corporation. ESPN'S Buster Olney reported tonight that the Nationals are closing in on a one year deal with closer Matt Capps.However, Capps' agent denied that an agreement has been reached "We're still going over the offers and talking It won't be until later tonight. We have not made a decision.''Capps, 26, is coming off the worst year of his career after posting a 5.80 ERA, 4.90 FIP, and a 2.71 K/BB on the way to saving 27 games. While Capps performed poorly in 2009, his 2006-08 was stellar. Capps posted ERA's of 3.79, 2.28, and 3.02 while saving 18, 21, and 27 games for the lowly Pittsburgh Pirates.While Capps 2009 performance was a concern for many teams, his .340 BABIP and his steady velocity have led many to think that maybe he just got unlucky, and just needs to get his accuracy under control.
