Croda International Plc Acquires of Innovachem strengthens Personal Care business

Posted: 15th January 2013 09:37

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.

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