Croda International has agreed to acquire Alban Muller which will expand the businesses its portfolio of sustainable active ingredients.

WHO: Established in France in 1978, Alban Muller is renowned for its eco-responsible approach to developing innovative botanical extracts, natural formulation ingredients, and natural organic cosmetics with a focus on locally sourced raw materials.

Croda was established in 1925 and is the name behind sustainable, high-performance ingredients and technologies in some of the world’s most successful brands: creating, making, and selling speciality chemicals that are relied on by industries and consumers everywhere.

WHY: The acquisition expands Croda’s portfolio of sustainable active ingredients for the personal care market and is an excellent fit for Croda’s Beauty Actives business, principally comprising Sederma and Crodarom, also based in France.

IN THEIR OWN WORDS: Maarten Heybroek, President of Croda’s new Consumer Care sector said: “We have admired Alban Muller’s sustainability focus and extensive know-how for many years and are delighted to welcome the team to the Croda family. The acquisition of Alban Muller enhances Croda’s position as a world leader in natural and botanical actives, helping us meet the increasing demand from customers looking for ingredients of natural origin to improve the sustainability profile of their products.”

Monsieur Alban Muller added: “I am pleased to pass on the baton to Croda to further expand the eco-responsible approach I have advocated for so many years. Croda is the ideal partner to increase the growth of natural products, enhancing our expertise and giving us access to new markets. I am sure the combination will drive future developments in natural ingredients that will be very beneficial for consumers.”

DETAILS:

• Croda International acquires the worldwide business activities of Alban Muller for €25 million.
• Alban Muller is a leader in the creation and supply of natural and botanical ingredients for the global beauty industry with an annual revenue of €18 million for the year to June 30, 2020.
• The combination provides Croda’s customers with access to high-tech natural active ingredients whilst enhancing Alban Muller’s future growth through access to Croda’s international sales network and formulation expertise.
• The acquisition provides Croda with access to some of the most innovative technology in the botanicals market, including Zeodration, a low-energy drying technology that preserves the most sensitive of active ingredients.