Croda has agreed a deal for a French beauty business as it expands its personal care portfolio.
The East Yorkshire smart science specialist will add Alban Muller’s eponymous Parisian operation to its beauty actives business unit.
The 43-year-old firm employs 90 people, turning over upwards of £15 million.
It is described as being at the forefront of the creation and supply of natural and botanical ingredients for the global beauty industry.
Maarten Heybroek, president of FTSE-listed Croda’s new consumer care sector, said: “We have admired Alban Muller’s sustainability focus and extensive know-how for many years and are delighted to welcome the team to the Croda family.
“The acquisition of Alban Muller enhances Croda’s position as a world leader in natural and botanical actives, helping us meet the increasing demand from customers looking for ingredients of natural origin to improve the sustainability profile of their products.”
Alban Muller will join Sederma and Crodarom, also based in France.
Mr Heybroek said the acquisition provides Croda with access to some of the most innovative technology in the botanicals market, including Zeodration, a low-energy drying technology that preserves the most sensitive of active ingredients.
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The deal is anticipated to close in the coming days.
Mr Muller said: “I am pleased to pass on the baton to Croda to further expand the eco responsible approach I have advocated for so many years. Croda is the ideal partner to increase the growth of natural products, enhancing our expertise and giving us access to new markets. I am sure the combination will drive future developments in natural ingredients that will be very beneficial for consumers.”