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: 01405 860 551
Sean Christie, Group Finance Director
Charles Armitstead / Rosie Oddy, Pendomer Communications Tel: 020 3603 5224
