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2017 marks my ten year anniversary with the flow improver business. Over the last decade, I have witnessed significant business and employee growth and I’m very proud of the progress we have made. Beginning with Conoco, Inc., in the late 1970s, LSPI has remained the commercial and technology pacesetter in our industry. Our singular focus on the flow improver market has allowed us to establish long relationships with leading pipeline companies and those relationships remain as strong as ever. We continue to believe that our full-service business model provides the highest level of product reliability and performance, supported by an enduring commitment to product innovation within our organization.
Berkshire Hathaway has a reputation for acquiring businesses that demonstrate market leadership, strong customer relationships, responsible growth, quality offerings, and a culture driven by safety, ethics and values. LSPI is proud to be a part the Berkshire Hathaway portfolio.
Earlier this year, we announced that we are ending our strategic alignment with Lubrizol, another Berkshire Hathaway company. As communicated earlier, Lubrizol will provide back-office support throughout 2017 as we establish those services internally. That effort is progressing well and we expect to be fully transitioned before year end. As LSPI has operated fairly autonomously over the years, I am con dent that this transition will be at no disruption to our customer relationships.
In January we announced our new name: LiquidPower Specialty Products Inc. We have since launched our new logo, and our new website will debut mid-year and will be available in multiple languages to best serve our global customer base.
We continue to grow and invest in our business, and are currently expanding our manufacturing and logistics capabilities. Additional announcements are coming and I look forward to sharing them with you in the coming months.
– Mike Brown
Chief Executive Officer