Croda International PLC Croda completes acquisition of Parfex (6301A)
June 02 2021 - 9:38AM
UK Regulatory
TIDMCRDA
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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END
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June 02, 2021 10:38 ET (14:38 GMT)
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