Croda Europe has announced that it has made a cash offer to acquire Plant Impact for approximately £10 million.
“I’m delighted to be announcing Croda Europe’s intention to purchase Plant Impact,” commented Croda Group CEO Steve Foots. “This is high quality, novel technology that further expands our position in the crop care sector, and supports our strategy of investing in high growth markets and world leading technologies. Plant Impact has assembled a great team, and we’re really excited by the prospect of working with them to accelerate development of this business.”
The acquisition is expected to complete on March 28, 2018, subject to shareholder agreement.