Croda swoops for biotech firm
24th July 2012
CHEMICALS business Croda has announced the acquisition of an Italian biotech firm as it posted a 6.3% rise in pre-tax profits.
The company has Istituto Di Richerche Biotechnologiche for around £5.9m and will fold it into its Sederma skin care business.
IRB has 19 staff and last year had a turnover of around £1m.
Croda saw sales for the six months to the end of June grow 2.4% to £572.9m helping pre-tax profits hit £132.6m.
Chairman Martin Flower said: "These are a robust set of re......for the full story register now for free or login below...
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