Listed speciality chemical business, Croda International, says its wholly-owned Iberchem subsidiary has efficiently completed the acquisition of Parfex SA, a positive fragrance business based mostly in Grasse, France.
This follows an announcement on 7 April 2021 that East Yorkshire-based Croda had reached an settlement to accumulate Parfex.
Croda has acquired a controlling majority 95.6% of Parfex’s excellent shares, comprising the founding shareholders and sure minority traders.
It in the end expects to accumulate 100% of the overall excellent share capital, topic to a possible tender provide and subsequent de-listing.
Parfex creates fragrances principally for premium private care and positive perfumery markets, utilizing the pure uncooked supplies accessible in its house area.
It has seen good progress during the last decade, producing €3.6m/£3m EBITDA in 2020, and now sells its fragrances in additional than 50 nations worldwide.
