Croda International  has confirmed that its wholly-owned Iberchem subsidiary successfully completed the acquisition of Parfex S.A., a fine fragrance business based in Grasse, France. 

This follows the announcement on 7 April 2021 that Croda had reached an agreement to acquire Parfex. 

Croda has acquired a controlling majority 95.6% of Parfex’s outstanding shares, comprising the founding shareholders and certain minority investors. Croda ultimately expects to acquire 100% of the total outstanding share capital, subject to a potential tender offer and subsequent delisting.

Croda International create, make and sell specialty chemicals that deliver real benefits to a range of diverse products including health and beauty, engine lubricants, plastics and many more. The company is split into three core market sectors: Personal Care; Life Sciences made up of Crop Care and Health Care and Performance Technologies made up of Coatings and Polymers; Geo Technologies; Home Care; Lubricants and Polymer Additives.