Acquisition of Innovachem

RNS Number : 4733V

Croda International PLC

14 January 2013

 



CRODA INTERNATIONAL PLC

Acquisition of Innovachem strengthens Personal Care business

Croda International Plc ("Croda") announces that it has acquired the assets of Innovachem, LLC ("Innovachem") for a total consideration of $2.8m in cash.  Based in Cutchogue, New York, Innovachem had a turnover of around $1.5m in 2012, a unique portfolio of patented personal care ingredients and a strong customer base. The acquisition is an excellent strategic fit for Croda's Personal Care business, adding a number of exciting new product lines and technologies to its existing portfolio and enhancing its ability to service customers around the world.

For further information please contact:

Steve Foots, Group Chief Executive                                                    Tel: [phone]

Sean Christie, Group Finance Director

Charles Armitstead / Rosie Oddy, Pendomer Communications         Tel: [phone] 

 

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