NewMarket Corporation is looking for acquisition opportunities. NewMarket's President and Chief Executive Officer, Teddy Gottwald said, “We continue our efforts in investigating potential acquisitions as both a use for this cash and to generate shareholder value. Our primary focus in the acquisition area remains on the petroleum additives industry.

It is our view that this industry will provide the greatest opportunity for a good return on our investment while minimizing risk. We remain focused on this strategy and will evaluate any future opportunities. Nonetheless, just as we have in the past, we want to stress that we are patient in this pursuit and intend to make the right acquisition when the opportunity arises.

We will continue to evaluate all alternative uses of cash to enhance shareholder value, including stock repurchases and dividends.”