M&A Deal Summary

Cargill Acquires Croda International - Bio-Based Industrial Business

On December 22, 2021, Cargill acquired chemicals company Croda International - Bio-Based Industrial Business from Croda International for 1.0B USD

Acquisition Highlights
  • This is Cargill’s 4th transaction in the Chemicals sector.
  • This is Cargill’s 4th largest (disclosed) transaction.
  • This is Cargill’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-12-22
Target Croda International - Bio-Based Industrial Business
Sector Chemicals
Buyer(s) Cargill
Sellers(s) Croda International
Deal Type Divestiture
Deal Value 1.0B USD

Target

Croda International - Bio-Based Industrial Business

Goole, United Kingdom
Croda’s bio-based industrial business includes production facilities across Europe and Asia, along with a strong technology portfolio that supports leading market positions in automotive, polymer, and food packaging applications.

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Buyer(S) 1

Buyer

Cargill

Wayzata, Minnesota, United States
Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.

DEAL STATS #
Overall 39 of 41
Sector (Chemicals) 4 of 4
Type (Divestiture) 12 of 12
Country (United Kingdom) 2 of 2
Year (2021) 7 of 7
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 GrainBridge

Omaha, Nebraska, United States

GrainBridge delivers unique, world-class, software solutions to the agriculture industry that allow the farmer-rancher-feeder to maximize efficiencies, productivity, and profitability for their respective business. GrainBridge is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Format Solutions

Hopkins, Minnesota, United States

Format Solutions specializes in the design, authoring, and marketing of software for recipe optimization, ingredient allocation, operational efficiency, and food and feed formulation solutions for the animal feed, aqua feed, pet food, human food, premix, and other industries. Format Solutions is based in Hopkins, Minnesota.

Sell -

Seller(S) 1

SELLER

Croda International

Goole, United Kingdom
Category Company
Founded 1925
Sector Chemicals
Employees5,852
Revenue 1.7B GBP (2023)
DESCRIPTION

Croda provides natural based speciality chemicals which are sold to virtually every type of industry. The company has approximately 3400 employees, working in 34 countries. Croda International was founded in 1925 and is based in Goole, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 2 of 2
Type (Divestiture) 3 of 3
Country (United Kingdom) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Alban Muller

Vincennes, France

Alban Muller is a provider of botanical extracts, natural formulation ingredients and natural organic cosmetics. Alban Muller was founded in 1978 and is based in Vincennes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Solus Biotech

Iksan-si, South Korea

Solus Biotech is a provider of naturally derived powder ceramides.

Buy ₩350.0B
Mergr

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