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Business
Clariant, Croda Buy Ingredients Makers
by Marc S. Reisch
January 21, 2013
| A version of this story appeared in
Volume 91, Issue 3
Both Clariant and Croda are strengthening their personal care ingredients businesses with acquisitions. Clariant signed an agreement to buy CRM International, a French maker of olive-oil-derived emollients, active ingredients, and alternatives to silicones. Clariant says the acquisition, to be completed in March, will strengthen its consumer specialties segment. Separately, Croda has acquired the assets of Cutchogue, N.Y.-based Innovachem for $2.8 million. Innovachem had revenues of $1.5 million last year from sales of personal care ingredients.
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