Croda India, a wholly-owned subsidiary of UK-based Croda International Plc and a leading player in specialty chemicals, has announced plans to construct a new manufacturing facility at Dahej in the state of Gujarat. The company has earmarked an investment of Rs 5 billion for the first phase of the project, which will focus on producing … Read more
Cargill has reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for EUR 0.915 ($1.03 billion) on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s bioindustrial footprint to better serve industrial manufacturers searching for “greener” ingredient solutions. The transaction, which is subject to regulatory approvals, … Read more
Croda International Plc agreed to buy Iberchem for 820 million euros ($973 million) as Europe’s largest cosmetic-ingredients maker expands into highly competitive fragrances market. Croda said on Wednesday it plans to raise 600 million pounds ($798 million) in equity to help pay for the purchase of the asset from private equity firm Eurazeo SE. Iberchem … Read more