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Cargill Inks $1 Billion Deal for Croda’s Tech, Chemical Unit

  • U.S. merchant agrees to buy the majority of the business
  • Cargill say deal helps expand in greener ingredient solutions
Signage outside the Cargill Inc. meat plant in Chambly, Quebec.

Signage outside the Cargill Inc. meat plant in Chambly, Quebec.

Photographer: Christinne Muschi/Bloomberg
Updated on

Agribusiness Cargill Inc. will buy the majority of specialty chemicals-maker Croda International Plc’s performance technologies and industrial chemicals unit for an enterprise value of $1.03 billion. 

The deal is on a cash- and debt-free basis and part of a push to expand in the market for “greener” ingredient solutions, Cargill said on Wednesday. The U.S. commodity powerhouse will gain production facilities in Europe and Asia and a technology portfolio that includes automotive, polymer and food-packaging applications.