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Croda International

Croda International
Leadership team

Mr. Stephen Edward Foots (Group Chief Exec. & Exec. Director)

Mr. Jeremy K. Maiden BA, FCMA (Group Fin. Director & Exec. Director)

Mr. Mark Robinson (Pres of Global Operations)

Products/ Services
Chemical, Consumer, Innovation Management
Number of Employees
1,000 - 20,000
Headquarters
Snaith, York, United Kingdom
Established
1925
Net Income
500M - 1B
Revenue
Above - 1B
Social Media
Overview
Location
Summary
Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America, Asia, and Latin America. It operates through four segments: Consumer Care, Life Sciences, Performance Technologies, and Industrial Chemicals. The company offers adhesives; crop protection additives and adjuvants, seed enhancement and animal health chemicals, chemical bio-stimulants, and specialty additives for agricultural films; and lubricant additives, coatings and polymers, vehicle cleaning chemicals, and products for automotive textiles and fibers, as well as specialty additives for plastics, and battery and catalyst industries. It also provides specialty ingredients for self-tanning, color cosmetics, bath and shower, deodorants, anti-perspirants, depilatories, men's grooming, and oral hygiene, as well as skin, hair, sun, body, and baby care applications; construction chemicals and bitumen additives; dietary supplements; and materials and polymer additives for electronics and devices. In addition, the company offers chemistries, emulsifiers, fuel and power generation additives, and polymer additives; food additives; specialty polymer additives for furniture and wood applications; household, industrial, and institutional cleaning products; lubricants; oleochemicals; and packaging, print, and paper chemicals. Further, it provides paints and coatings; active pharmaceutical ingredients; thermal management products; plastic and rubber products; skin health products; hygiene and industrial nonwovens, botanical extracts, tissues, and textile auxiliaries; and water treatment chemicals. Additionally, the company offers bio-based phase change materials for buildings and ventilation, clothing and healthcare, electronics and devices, food and refrigeration, energy storage and recovery, temperature controlled packaging, and vehicles and automotive applications. The company was incorporated in 1925 and is headquartered in Goole, the United Kingdom.
History

The company was founded by George William Crowe and Henry James Dawe in 1925. Crowe bought an abandoned waterworks facility at Rawcliffe Bridge for £7, which would later be used to manufacture the company's first barrels of lanolin, a natural protective fat present in sheep's wool. The company was named Croda .Crowe and Dawe began working on a process to extract lanolin from sheep’s wool for various industries, including uses in cosmetics, as a waterproofing agent, and as a dressing for leather. At the time, the UK imported lanolin, having no domestic lanolin production at all.Dawe's extraction process failed initially and Dawe left the company. Philip Wood, Crowe's nephew, was appointed manager of the site in 1925, and Wood worked closely with a Belgian chemist to develop a new extraction process. By the end of the year Croda had successfully produced its first batch of lanolin.The company struggled to remain profitable to the end of the decade until a report from the National Physical Laboratory was published describing the rust prevention properties of lanolin, creating new business opportunities for the company. The lanolin market was still in its infancy as the World Depression began to take hold in Britain, but Croda was able to expand their domestic market and exports through the 1930s as Wood refined Dawe's production process and gradually developed a wider range of product applications for lanolin.To aid in military production during World War II, Croda began producing camouflage paints, gun lubrication and cleaning oils, insect repellents, and other resources the British Empire required.When Wood died in 1949, aged 46, the board decided to run the business by committee, with Wood's son Frederick Wood appointed sales director. In 1950 Fred relocated to New York to set up the company's U.S. subsidiary, Croda Inc. In 1953 Fred returned to the UK and was appointed Croda's managing director, aged just 27.Under Fred Wood's management Croda experienced a sustained period of rapid growth. Leading cosmetics 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 1956.In 1957, Croda Inc. acquired Hummel Chemical Company and began manufacturing in a new Newark, NJ plant.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 1970, Croda acquired L&H Holdings and A B Fleming for ink and synthetic resin production and acquired Midland-Yorkshire Tar Distillers in 1975.In 1990 it developed Lorenzo's oil, a product famously used to treat adrenoleukodystrophy. In 1998 it bought Westbrook Lanolin.More recently it has concentrated on speciality chemicals and in 2006 it announced that it had reached a deal with ICI to acquire ICI's Uniqema for a total consideration of £410 million. It announced an offer to acquire Plant Impact, an agricultural bioscience business, for £10 million in February 2018.In November 2020, it was announced that Croda will be purchasing Spanish home-products company Iberchem for €820 million. The planned purchase was intended to increase the company's sales of fragrance formulations in various markets including China and the Middle East.

Mission
Croda strives to create sustainable solutions for our customers by combining expertise in science and nature to deliver innovative, industry-leading speciality chemicals.
Vision
Croda is committed to becoming the leader in speciality chemicals, providing the most effective solutions to our customers and helping to improve lives through sustainable innovation.
Key Team

Mr. Nicholas Ian Challoner (Group Chief Scientific Officer)

Mr. David Bishop (Director of Investor Relations)

Mr. Thomas Michael Brophy (Group Gen. Counsel & Company Sec.)

Mr. Anthony Damien Fitzpatrick (Pres of Performance Technologies, Industrial Chemicals & Corp. Devel.)

Ms. Tracy Sheedy (Group Human Resource Director)

Ms. Sandra Elaine Breene (Pres of Regional Delivery)

Mr. David Cherry (Managing Director of Crop Protection)

Recognition and Awards
Croda has earned numerous awards over the years, including the Queen's Award for Enterprise in Innovation in 2018 and the Sunday Times Sustainable Company Award in 2019.
References
Croda International
Leadership team

Mr. Stephen Edward Foots (Group Chief Exec. & Exec. Director)

Mr. Jeremy K. Maiden BA, FCMA (Group Fin. Director & Exec. Director)

Mr. Mark Robinson (Pres of Global Operations)

Products/ Services
Chemical, Consumer, Innovation Management
Number of Employees
1,000 - 20,000
Headquarters
Snaith, York, United Kingdom
Established
1925
Net Income
500M - 1B
Revenue
Above - 1B
Social Media