Croda completes sale of Chicago Oleochemicals

02 June 2008 10:19  [Source: ICIS news]

LONDON (ICIS news)--Croda has completed the sale of its US oleochemicals business in Chicago to HIG Capital, LLC, the specialty chemicals company said on Monday.

 

The UK company announced in May the sale of the business for £46.7m ($93.4m/€59.1m) to the private equity firm as part of its restructuring programme.

 

“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 had said.

 

($1=€0.64/$1=$0.50)

By: Lucy Craymer
+44 20 8652 3214

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