- Business units being sold employ around 1,000 people
Croda International (CRDA) is to sell the bulk of its performance technologies and industrial chemicals (PTIC) arm to a division of commodities group Cargill for around €915m (£778m).
The assets being sold generated 77 per cent of Croda’s PTIC business last year and includes its Hull plant in the UK, its Gouda site in the Netherlands and the Croda Sipo business (in which it is a 65 per cent shareholder) in China. Combined, they employ about 1,000 people.