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People & Business :: M&A
Croda buys emollients maker
2:52 PM MST | January 16, 2013 | Vincent Valk
Croda has acquired the assets of Innovachem (Cutchogue, NY), a maker of patented emollient products for personal care ingredients, the company says. The purchase price was $2.8 million, and Innovachem recorded $1.5 million in sales during 2012, reports say. The deal closed on 20 December. The acquisition includes two product lines, one aimed at cosmetic esters and the other aimed at conditioners. “Their patented ingredients dovetail nicely into our existing framework of focusing on multifunctional, patented materials that provide a unique benefit to...
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