Croda International Plc has announced that it has completed the acquisition of the specialty products business of Arizona Chemical of Jacksonville, FL, US.
The acquisition brings Croda a portfolio of leading oil gelling polymers, further expanding Croda’s footprint in the polymers arena, while strengthening Croda’s position as leaders in speciality chemicals from renewable resources. The technologies of the acquired business are naturally derived polyamides with high bio-renewable content, presently marketed as SYLVACLEART, SYLVASOL, UNICLEAR and SYLVAGEL.
Keith Layden, Croda’s chief technology officer, said: “We are pleased to expand our portfolio of effects with this acquisition. The varied functionality of these specialised polyamides as film formers, water repellent agents, polymeric emulsion stabilisers, structuring agents, rheology modifiers, pigment stabilisers and active delivery systems will be a valuable addition to our offerings across all the market sectors serviced by Croda. In addition, we see many opportunities to further differentiate the technology and create value for ourselves and our customers.”
Croda will immediately commence the transition of these the products into its portfolio, including the transfer of production to an existing Croda manufacturing site in Europe.
