Cargill to acquire Croda’s Power Technologies and Industrial Chemicals businesses – Chemical Engineering

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By Mary Page Bailey |

Cargill, Inc. (Minneapolis, Minnesota) has an agreement with Croda International Plc (Snaith, UK) to acquire the majority of its power technology and industrial chemicals business for EUR 915,000,000 (1.03 billion free basis Dramatically expand Cargill’s bio-industrial presence to better serve industrial manufacturers looking for “greener” ingredient solutions.

The transaction, which is subject to regulatory approval, is expected to close in the summer of 2022. Cargill will comply with the applicable information and consultation obligations of our employee representatives.

“The bio-industrial space is a priority for Cargill as we strive to provide our customers with innovative, nature-based solutions that deliver real benefits,” said Colleen May, president of Cargill’s bio-industrial business. “The combination of our diverse, global supply chain and our extensive operational know-how with Croda’s extensive industrial business capabilities and broad bio-based portfolio will trigger a new wave of innovation and create tremendous value for our customers.”

Under the agreement, Cargill would attract nearly 1,000 employees around the world and manufacturing facilities in Europe and Asia, along with a strong technology portfolio that supports leading market positions in automotive, polymer and food packaging applications. In line with Cargill’s commitment to sustainability, more than two-thirds of the raw materials used to manufacture these solutions are bio-based and renewable.

Steve Foots, Croda Chief Executive, said, “Cargill is a company with a remarkable history and strong values. Under his ownership, the sold business and our talented, hard-working people can look forward to a bright future. “

The acquisition of Croda would significantly expand the company’s bio-industrial market presence, particularly in Europe, the US and Asia, all of the high-growth markets for bio-based solutions. This acquisition builds on other recent steps by Cargill to expand its presence in the bio-industrial space, including the greenfields of the QORE and NatureWorks joint ventures and the acquisitions of Floratech and Arkema’s epoxy businesses. Taken together, these steps make Cargill well positioned to provide customers with innovative, nature-based solutions in a wide range of industries and applications.


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