LONDON, UK: Croda International has signed a definitive agreement to sell the majority of its Performance Technologies and Industrial Chemicals (PTIC) businesses to Cargill Velocity Holdings Limited for an enterprise value of €915 million on a cash-free, debt-free basis. Cargill Velocity Holdings Limited is a wholly owned subsidiary of Cargill Inc. The transaction follows a…
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Croda International’s Iberchem to acquire Parfex S.A. for €45 million
LONDON: Croda International Plc announced that its fragrances and flavours subsidiary, Iberchem, has agreed to acquire Parfex S.A., a fine fragrance business based in Grasse, France, for a total enterprise value of €45 million. Established in 1985 and now employing 75 people, Parfex creates fragrances principally for premium personal care and fine perfumery markets, leveraging…
Croda strengthens position in life sciences with $185 million acquisition of Avanti Polar Lipids
LONDON: Croda International Plc announced that it has agreed to acquire Avanti Polar Lipids Inc., a knowledge-intensive leader in lipid-based drug delivery technologies for next generation pharmaceuticals. Croda has acquired Avanti for an initial consideration of $185 million on a debt and cash-free basis, with an additional earnout of up to $75m based on near-term…