Croda buys In­cotec to ex­pand in ad­di­tives

China Daily (Canada) - - BUSINESS -

Croda In­ter­na­tional Plc, the world’s sec­ond-largest maker of cos­metic in­gre­di­ents, agreed to ac­quire In­cotec Group BV for 155 mil­lion eu­ros ($164 mil­lion) as it looks to ex­pand in ad­di­tives to im­prove the per­for­mance of crop seeds. In­cotec earned 71 mil­lion eu­ros in rev­enue in the year through Sept 30. Croda has honed its fo­cus on high-mar­gin mar­ket ar­eas where patents and re­search and de­vel­op­ment cre­ate

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