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.”