- Croda International
Croda International plc Type Public (LSE: CRDA) Industry Chemicals Founded 1925 Headquarters Snaith, UK Key people Martin Flower, Chairman
Mike Humphrey, CEO
Fatty acid amides
Revenue £1,001.9 million (2010) Operating income £198.6 million (2010) Net income £131.0 million (2010) Website www.croda.com
Croda International plc (LSE: CRDA) is a chemicals company based at Snaith in the East Riding of Yorkshire, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The Company was founded by George Crowe in 1925 at Rawcliffe Bridge to manufacture lanolin, a natural protective fat present in sheep's wool, which must be washed out before the wool can be woven, under the name Croda (a combination of the first few letters of his surname with that of his partner, a Mr Dawe).
Leading cosmetic companies started using its products in the 1950s and at that time it also began to expand internationally: it moved to its present location in 1955. It was first listed on the London Stock Exchange in 1964. It expanded rapidly in the 1960s acquiring United Premier Oil in 1967 and British Glues & Chemicals in 1968. In 1990 it developed Lorenzo's oil, a product famously used to treat Adrenoleukodystrophy. In 1998 it bought Westbrook Lanolin.
The Company's products include:
- Surfactants which are used as ingredients for cosmetic creams and lotions.
- Dietary supplements containing specialty lipids, such as Omega-3 oils.
- Fatty acid amides which add "slip" to plastic surfaces, so plastic bags can be easily peeled apart.
These products are sold to other manufacturing companies. Croda has factories in the United Kingdom, France, Spain, Italy, the Netherlands, the United States, Brazil, Singapore, India, Indonesia, Korea, and Japan.
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