Croda to Buy Seed Enhancement Company Incotec
2 December 2015 Croda International Plc, a specialty chemical manufacturer will acquire Incotec Group BV, an independent seed enhancement business headquartered in The Netherlands.
The €155 million acquisition (U.S. $164.22 million), is expected to complete on December 4, 2015.Operating in one of the fastest growing segments within the crop care market, Incotec develops and supplies a wide range of proprietary and sustainable technologies for both vegetable seeds and field crops.
“Incotec is a rare asset in a niche, high value, fast growing sector of the global crop market,” said Steve Foots, Chief Executive of Croda. “With an experienced research and development led management team, Incotec brings differentiated market leading technologies, world class innovation and strong customer relationships. The combination with our own Crop Care business creates a strong and unique platform for future growth. We believe that our combined innovation strengths, together with our global sales reach, will enable us to be far more responsive in meeting the unmet needs of our customers today and tomorrow.”
Read more about Croda’s acquisition of Incotec.
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