Cargill completed the acquisition of a majority stake in the performance technologies and industrial chemicals business of Croda for $1bn.

Cargill, an American privately held global food conglomerate, completed the acquisition of a majority stake in the performance technologies and industrial chemicals business of Croda, a British speciality chemicals company, for $1bn. "This divestment accelerates Croda's transition to being a pure-play Consumer Care and Life Sciences company. We will redeploy capital and resources to scale our consumer, health and crop care technologies, helping to deliver consistent, superior sales growth and even stronger profit margins," Steve Foots, Croda CEO.