Cargill will gain nearly 1,000 employees globally, production facilities spread across Europe and Asia, and a “strong technology portfolio” that supports leading market positions in automotive, polymer and food packaging applications. More than two-thirds of the raw materials consumed by the business are biobased.
“The bioindustrial space is a priority for Cargill, as we strive to support our customers with innovative, nature-based solutions that deliver real-world benefits,” says Colleen May, President of Cargill’s Bioindustrial business. “Combining our diverse, global supply chain and deep operational expertise with Croda’s extensive industrial business capabilities and broad bio-based portfolio will spark a new wave of innovation and create tremendous value for our customers.”
The deal is expected to close in summer 2022.