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Croda completes acquisition of Parfex

2nd Jun 2021 15:38

RNS Number : 6301A
Croda International PLC
02 June 2021
 

Press Release

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.

 

 

-ENDS-

 

Further information:

Investors: David Bishop, Croda +44 7823 874428

Media: Charlie Armitstead, Teneo +44 7703 330269

 

About Croda:

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.

 

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