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Croda sells most of its performance technology and industrial chemicals business for more than 900 million euros

 Last Update: 2022-01-08
 Source: Internet
 Author: User

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Sinochem News News on December 22, Cargill has reached an agreement with British specialty chemicals company Croda International (Croda) to acquire most of the latter’s performance technology and technology for a price of 915 million euros (1.

The business sold this time accounted for 77% of Croda's performance technology and industrial chemicals business revenue in 2020

Cargill will add 1,000 employees worldwide, 5 manufacturing plants, and laboratories for smart materials, energy technology and industrial chemicals.

The retained part of Croda International's performance technology and industrial chemicals business will provide complete support to the group's consumer care and life science departments

The divestment has transformed Croda International into a company focused on life sciences and consumer care.

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