Croda International
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Croda International plc is a chemicals company based in Yorkshire in northern England. It is listed on the London Stock Exchange (LSE: CRDA) and is a constituent of the FTSE 250 Index.
Croda was founded in 1925 to manufacture lanolin. It began to expand internationally in the 1950s and became a listed company in the 1960s. During this period it acquired businesses such as United Premier Oil and British Glues but late in the 20th century it narrowed its field to specialty chemicals. Its products include:
- surfactants which are used as ingredients for cosmetic creams and lotions.
- Dietary supplements containing specialty lipids, such as Omega-3 oils.
- Fatty acid amides which add "slip" to plastic surfaces, so plastic bags can be easily peeled apart.
These products are sold to other manufacturing companies. Croda has factories in the United Kingdom, France, Germany, Spain, Italy, the Netherlands, the United States, Brazil, Singapore, India, Indonesia, Korea, and Japan.
On June 29, 2006, Croda International announced that it had reached a deal with ICI to acquire ICI's Uniqema for a total consideration of £410m. This acquisition saw the Croda business grow exponentially.
Turnover for the year to 31 December 2007 was £886.1 million. Profits before tax were £60.9 million.
On the humanitarian side of things, this company should be recognized for the heart touching event in Lorenzo's Oil history.
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