Croda International has acquired Spanish-based flavours and fragrances (F&F) firm Iberchem from Eurazeo in a €820 million deal. This takes the company into F&F for the first time. It will be funded by existing debt facilities and a £600 equity placing, representing about 8% of Croda’s issued share capital.
Both Croda International and Novasep are involved in some of the vaccines nearing approval for use in the treatment of COVID-19 it has emerged. This follows on from many other announcements of development agreements involving other fine chemical companies earlier in the year.
Croda International has started construction on its North American headquarters and innovation centre near Princeton, New Jersey. Due to be completed before the end of 2020, this will bring together commercial and technical teams from across its business areas, enabling Croda to further optimise collaboration with customers in North America.
Croda International has started construction on its North American headquarters and innovation centre near Princeton, New Jersey. Due to be completed before the end of 2020, this will bring together commercial and technical teams from across its business areas, enabling Croda to further optimise collaboration with customers in North America.
Three major players in speciality chemicals have opened or announced plans for technology centres focused on consumer or personal care in the past month. Clariant and Brenntag will both have new ones located on the US East Coast, while Croda has opened two separate, focused locations in France and Singapore.
