It’s a big deal: Croda in the market for mega acquisition

It’s a big deal: Croda in the market for mega acquisition

UK-based Croda is actively looking at a ‘one-in-a-generation’ deal, according to a report published by The Financial Times.

CEO Steve Foots told the newspaper that the specialty chemicals supplier was ‘concentrating on bolt-on deals providing access to new niches’ but also had ‘bigger, transformational’ targets in mind.

According to the FT report, Croda could spend up to £1 billion on the ‘right’ business, a far cry from industry speculation that Croda itself was likely to be the subject of a buyout by a foreign investor looking to capitalize on the devaluation of sterling following the Brexit vote.

 

IN CONVERSATION WITH...

FORMULA FRIDAY

STREET TALK

60 SECOND PITCH

WELLNESS

FASHION

TRAVEL

PROFESSIONAL BEAUTY

TOP 50 BRANDS