Chemical Week Magazine :: Specialty Chemicals
Croda buys emollients maker
7:14 AM MST | January 18, 2013
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 linesâ€”one aimed at cosmetic esters and the other aimed at conditioners. â€śTheir patented ingredients dovetail nicely into our existing framework of focusing on multifunctional, patented materials that provide a unique benefit to our...
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