Cargill has reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for EUR 915,000,000 (1.03bln USD) on a cash-free, debt-free basis. The investment would dramatically expand Cargill\u2019s bioindustrial footprint to better serve industrial manufacturers searching for \u201cgreener\u201d ingredient solutions.<\/strong><\/p>\n\n\n\n The transaction, which is subject to regulatory approvals, is expected to close in Summer 2022. Cargill will comply with applicable information and consultation requirements with our employee representative bodies.<\/p>\n\n\n\n \u201cThe bioindustrial space is a priority for Cargill, as we strive to support our customers with innovative, nature-based solutions that deliver real-world benefits,\u201d said Colleen May<\/strong>, President of Cargill\u2019s Bioindustrial business. \u201cCombining our diverse, global supply chain and deep operational expertise with Croda\u2019s extensive industrial business capabilities and broad bio-based portfolio will spark a new wave of innovation and create tremendous value for our customers.\u201d<\/p><\/blockquote>\n\n\n\n Under the agreement, Cargill would gain nearly 1,000 employees around the world and production facilities spread across Europe and Asia, along with a strong technology portfolio that supports leading market positions in automotive, polymer and food packaging applications. Aligning with Cargill\u2019s commitment to sustainability, more than two-thirds of the raw materials used to manufacture these solutions are bio-based and renewable.<\/p>\n\n\n\n Steve Foots<\/strong>, Chief Executive of Croda, said: \u201cCargill is a company with a distinguished history and strong values. Under its ownership, the divested business and our talented, hardworking employees can look forward to a bright future.\u201d<\/p><\/blockquote>\n\n\n\n The Croda acquisition would greatly expand the company\u2019s bioindustrial market presence, especially in Europe, the U.S. and Asia, all high-growth markets for bio-based solutions. This acquisition builds on other recent moves by Cargill to expand its presence in the bioindustrial space, including its QORE and NatureWorks joint ventures\u2019 greenfields, as well as its acquisitions of Floratech and Arkema\u2019s epoxides business<\/a>. Taken together, these moves leave Cargill well-positioned to support customers with innovative, nature-derived solutions across a broad range of industries and applications.<\/p>\n\n\n\n Cargill\u2019s 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture.<\/p>\n","protected":false},"excerpt":{"rendered":" Cargill has reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for EUR 915,000,000 (1.03bln USD) on a cash-free, debt-free basis. The investment would dramatically expand Cargill\u2019s bioindustrial footprint to better serve industrial manufacturers searching for \u201cgreener\u201d ingredient solutions. The transaction, which is subject to regulatory approvals, […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"New investment to dramatically expand the company's bioindustrial footprint on searching for \"greener\" ingredient solutions","footnotes":""},"categories":[5572],"tags":[7059,5838,5847,7105],"supplier":[102,230,2159,103,19611],"class_list":["post-102685","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-automotive","tag-bioeconomy","tag-bioplastics","tag-packaging","supplier-arkema","supplier-cargill-inc","supplier-croda","supplier-natureworks-llc","supplier-qore"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/102685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=102685"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/102685\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=102685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=102685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=102685"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=102685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
About Cargill<\/h3>\n\n\n\n