2 June 2021
Croda completes acquisition of Parfex
Croda International Plc ('Croda') today confirms that as of 1 June 2021, its wholly-owned Iberchem subsidiary successfully completed the acquisition of Parfex S.A. ('Parfex'), a fine fragrance business based in Grasse, France.
This follows the announcement on 7 April 2021 that Croda had reached an agreement to acquire Parfex.
Croda has acquired a controlling majority 95.6% of Parfex's outstanding shares, comprising the founding shareholders and certain minority investors. Croda ultimately expects to acquire 100% of the total outstanding share capital, subject to a potential tender offer and subsequent de-listing.
Investors: David Bishop, Croda +44 7823 874428
Media: Charlie Armitstead, Teneo +44 7703 330269
Croda is the speciality chemicals company that uses smart science to create high performance ingredients and technologies that improve lives. For more information see: www.croda.com.