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…