Croda Buys Chinese Fatty Acid Maker | Chemical & Engineering News
Volume 91 Issue 31 | pp. 17-18 | Concentrates
Issue Date: August 5, 2013

Croda Buys Chinese Fatty Acid Maker

Department: Business
Keywords: China, Sichuan, U.K., fatty acids, esters, amides

British specialty chemical producer Croda will pay $58 million for a 65% stake in Sichuan Sipo Chemical, a southwestern China producer of fatty acids, primary amides, and specialty esters for lubricants and polymers. Sichuan Forever Holding, currently the main owner of Sipo, will remain on board as a minority partner with a 35% stake. Set up in 1993, Sipo employs about 300 people. Croda notes that the Chinese firm upgraded its facilities in 2011.

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