US food giant Cargill has agreed to buy most of Croda’s Performance Technologies and Industrial Chemicals (PTIC) business for €915 million on a cash-free, debt-free basis. The acquisition of the UK group will boost Cargill’s bio-industrial footprint, better serving manufacturers seeking greener ingredients.
Arkema has announced it is selling its epoxides business for $38.8 million to US agriculture giant Cargill. The agreed price for the activities with sales of around $40 million and some 45 employees is equivalent to around 10 times EBITDA.
US food giant Cargill and German distribution and marketing group Helm have formed a joint venture called Qore to help brand owners replace fossil-based chemistries with bio-based intermediates. The size of their individual stakes in the jv was not revealed.
French technology company Axens, its parent company IFP Energies nouvelles (IFPEN), and US food and agricultural giant Cargill are joining forces to further develop and scale bio-based acrylic acid.
