M&A Deal Summary

Croda International Acquires Avanti Polar Lipids

On July 6, 2020, Croda International acquired life science company Avanti Polar Lipids

Acquisition Highlights
  • This is Croda International’s 2nd transaction in the Life Science sector.
  • This is Croda International’s 2nd transaction in the United States.
  • This is Croda International’s 1st transaction in Alabama.

M&A Deal Summary

Date 2020-07-06
Target Avanti Polar Lipids
Sector Life Science
Buyer(s) Croda International
Deal Type Add-on Acquisition
Advisor(s) BlackArch (Financial)
Maynard Nexsen (Legal)

Target

Avanti Polar Lipids

Alabaster, Alabama, United States
Avanti Polar Lipids is involved in the development and manufacturing of high-purity lipids that are increasingly utilized as drug delivery solutions for complex therapeutic drugs and next-generation mRNA vaccines. The Company operates from its campus in Alabama with its skilled workforce of approximately 150 employees, including over 100 scientists. Throughout Avanti’s history it has been an innovator in lipid based products and applications for the life sciences markets and currently serves thousands of biopharmaceutical companies and researchers around the world. Avanti was founded in 1967 and is based in Alabaster, Alabama.

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Buyer(S) 1

Buyer

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 8 of 11
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 8 of 10
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 Plant Impact

Harpenden, United Kingdom

Plant Impact Plc develops and formulates products that realize and enhance crop capacity, enabling growers to improve quality and deliver consistently higher marketable yields. Plant Impact was founded in 2003 and is based in Harpenden, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Iberchem S.A.

Alcantarilla, Spain

Iberchem, S.A. engages in Production of fragrances and flavors for the industrial and food and beverage sectors. Iberchem was founded in 1985 and is based in Alcantarilla, Spain.

Buy €820M