08 May 2008 10:27 [Source: ICIS news]
“This disposal is part of Croda’s restructuring programme to re-position its oleochemical operations following the acquisition of Uniqema in 2006,” the company added in a statement.
Completion of the sale to HIG, a private equity investment firm, is subject anti-trust clearance, it said.
“All employees of the business will transfer to the acquiring entity as a result of this transaction. Croda will continue to source some products from the business under normal third party commercial terms,” it said.
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