THE WHAT? Croda has announced that it has hosted a seminar for investors and analysts on accelerating growth in its Consumer Care division.
THE DETAILS At the event, the company outlined how the category has evolved ‘significantly’ in recent years to become a highly differentiated sector for Croda, comprising four business units, each with market leading positions in fast growth niches.
“Trading in the first three months of 2022 has been robust, including a strong start for Comsumer Care, and we continue to successfully recover input cost inflation,” commented Group CEO, Steve Foots.
THE WHY? Croda is targeting sales of £1 billion for its fast-growing Consumer Care division by 2025 and expects to deliver a minimum of 5 percent annual sales growth in coming years, on top of synergies from the recent flavors and fragrances acquisitions.