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Monday, November 28, 2022
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Croda acquires Alban Muller, the natural active ingredient expert

Croda International Plc ("Croda"), which uses smart science to create high-performance ingredients and technologiestoimprove life, today announced the acquisition of Alban Muller International.

With an annual income of 18 million euros 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 cosmetics customers.

Founded in France in 1978 and now employing 90 people, Alban Muller is renowned for its eco-responsible approach to the development of innovative botanical extracts, natural formulation ingredients and organic cosmetics.

By focusing on locally sourced raw materials, it integrates perfectly by complementing 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 plant market, including Zeodratation, an energy-efficient drying technology that preserves the most sensitive active ingredients.

With Alban Muller recognized as a market leader in sustainable development, this acquisition will strengthen Croda's extensive portfolio of bio-based ingredients and confirm its commitment to becoming the most sustainable supplier of innovative ingredients.

This transaction provides Croda customers with 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 the CSR strategy and the extensive expertise of Alban Muller 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 global leader in natural and botanical assets, and helps us meet the growing demand from customers seeking natural ingredients to improve the sustainable development profile of their products. »

Mr Alban Muller added: "I am pleased to pass the baton to Croda to further expand the eco-responsible approach for which I have been campaigning 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 am sure that this combination will stimulate future developments of natural ingredients that will be very beneficial to consumers. » 

The transaction is subject to customary pre-closing conditions and is expected to close by the end of the first quarter of 2021.

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