Specialty chemicals supplier, Croda International Plc, has acquired the assets of Innovachem, gaining a unique patented product portfolio.
Among the new product lines acquired by Croda are the Panthequat conditioner and the Liquiwax range of cosmetic esters, two products that Croda Inc president Kevin Gallagher believes “dovetail nicely” into the company’s existing framework of multifunctional, patented materials.
Keith Layden, chief technology officer for Croda, added: “Innovachem offers excellent technologies to help further expand Croda’s offerings to the personal care market. We are extremely pleased to be able to add these technologies to our portfolio, as well as to be able to service the needs of customers who are already using these ingredients in the marketplace. With Croda’s commitment to technology and service, we feel we can develop the Innovachem technology to offer more opportunities to our customer base.”