Croda International Plc ("Croda"), which uses intelligent science to create high-performance ingredients and technologies to improve life (Smart science to improve lives) today announced the acquisition of Alban Muller International.
With annual revenues of €18 million for the year to June 30, 2020, Alban Muller is a leader in the creation and supply of botanical and natural ingredients for the global beauty industry. This acquisition expands Croda's portfolio of active ingredients for customers in the cosmetics sector.
Founded in France in 1978 and now employing 90 people, Alban Muller is renowned for its eco-responsible approach to developing innovative botanical extracts, natural formulation ingredients and organic cosmetics.
With its emphasis on locally sourced raw materials, it fits in perfectly with Croda's Beauty Actives business, represented by Sederma and Crodarom, companies also based in France.
This acquisition gives Croda access to some of the most innovative technologies on the botanicals market, including Zeodratation, an energy-efficient drying technology that preserves the most sensitive active ingredients.
With Alban Muller recognized as a market leader in sustainability, this acquisition will strengthen Croda's extensive portfolio of biobased ingredients and confirms its commitment to becoming the most sustainable supplier of innovative ingredients.
This transaction gives Croda's customers access to high-tech natural active ingredients, while enhancing Alban Muller's future growth through access to Croda's international sales network and formulation expertise. Maarten Heybroek, Croda Consumer Care President explains: " We have admired Alban Muller's CSR strategy and extensive know-how for many years, and are delighted to welcome the team to the Croda family. The acquisition of Alban Muller strengthens Croda's position as a world leader in natural and botanical actives, and helps us to meet the growing demand from customers for ingredients of natural origin to enhance the sustainability profile of their products. "
Mr Alban Muller adds: "I'm delighted to be handing over to Croda to further extend the eco-responsible approach I've been advocating for so many years. Croda is the ideal partner to increase the growth of natural products, strengthen our expertise and give us access to new markets. I'm sure that this association will stimulate future developments in natural ingredients that will be of great benefit to consumers."
The transaction is subject to the usual pre-closing conditions and is expected to close by the end of the first quarter of 2021.
Visit our websites:
www.crodapersonalcare.com
pro.albanmuller.com
