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Business
Croda Sells German Oleochemical Plant
by Marc S. Reisch
May 17, 2010
| A version of this story appeared in
Volume 88, Issue 20
In a move that it says will largely complete the restructuring of its oleochemical operations, U.K.-based Croda has reached an agreement to sell its Emmerich, Germany, fatty acids and glycerin facility to Malaysia’s KLK Group for $77 million. KLK is a maker of oleochemicals and owner of cosmetics retailer Crabtree & Evelyn. The Emmerich business had an operating loss of $3 million on sales of $119 million last year. Croda acquired the site as part of its $800 million purchase of Uniqema in 2006.
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