March 4, 2021

Croda acquires French beauty ingredient supplier Alban Muller in €25m deal

THE WHAT? British specialty chemicals company Croda has acquired French beauty ingredient supplier Alban Muller in a €25m deal.

THE DETAILS Alban Muller specialises in creating and suppling natural ingredients within the personal care market and reported annual revenue of €18m in the year ending 30 June 2020.

Croda also announced its FY results to 31 December 2020, with core business sales of £1.29bn, rising from £1.27bn the previous year. Adjusted pre-tax profit fell from £322.1m to £300.6m.

THE WHY? The acquisition is said to expand Croda’s current portfolio of sustainable active ingredients in the personal care markets.

Steve Foots, CEO Croda International, said: “The acquisition of Alban Muller enhances Croda’s position as a world leader in natural and botanical actives, helping us meet the increasing demand from customers looking for ingredients of natural origin to improve the sustainability profile of their products.”

The post Croda acquires French beauty ingredient supplier Alban Muller in €25m deal appeared first on Global Cosmetics News.

All copyrights for this article are reserved to IntraFish

E-NEWSLETTER
Share This