Croda International
Encyclopedia
Croda International plc 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
.
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.
More recently it has focused on specialty 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.
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
.
and Swinton
districts is an issue of significant environmental concern.
Snaith
Snaith is a town in the East Riding of Yorkshire local government area of England. It is situated approximately west of Goole on the A1041 road at its junction with the A645 road...
in the East Riding of Yorkshire
East Riding of Yorkshire
The East Riding of Yorkshire, or simply East Yorkshire, is a local government district with unitary authority status, and a ceremonial county of England. For ceremonial purposes the county also includes the city of Kingston upon Hull, which is a separate unitary authority...
, England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The Company was founded by George Crowe in 1925 at Rawcliffe BridgeRawcliffe Bridge
Rawcliffe Bridge is a small hamlet in the East Riding of Yorkshire, England. It is situated approximately south west of Goole and lies just south of the M62 motorway.It forms part of the civil parish of Rawcliffe which lies just to the north west...
to manufacture lanolin
Lanolin
Lanolin , also called Adeps Lanae, wool wax or wool grease, is a yellow waxy substance secreted by the sebaceous glands of wool-bearing animals. Most lanolin used by humans comes from domestic sheep...
, 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
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
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
Lorenzo's oil
Lorenzo's oil is a 4:1 mixture of glycerol trioleate and glycerol trierucate , prepared from olive oil and rapeseed oil....
, a product famously used to treat Adrenoleukodystrophy
Adrenoleukodystrophy
Adrenoleukodystrophy is a rare, inherited disorder that leads to progressive brain damage, failure of the adrenal glands and eventually death. ALD is a disease in a group of genetic disorders called leukodystrophies, whose chief feature is damage to myelin...
. In 1998 it bought Westbrook Lanolin.
More recently it has focused on specialty chemicals and in 2006 it announced that it had reached a deal with ICI
Imperial Chemical Industries
Imperial Chemical Industries was a British chemical company, taken over by AkzoNobel, a Dutch conglomerate, one of the largest chemical producers in the world. In its heyday, ICI was the largest manufacturing company in the British Empire, and commonly regarded as a "bellwether of the British...
to acquire ICI's Uniqema for a total consideration of £410 million.
Operations
The Company's products include:- SurfactantSurfactantSurfactants are compounds that lower the surface tension of a liquid, the interfacial tension between two liquids, or that between a liquid and a solid...
s which are used as ingredients for cosmetic creams and lotions. - Dietary supplementDietary supplementA dietary supplement, also known as food supplement or nutritional supplement, is a preparation intended to supplement the diet and provide nutrients, such as vitamins, minerals, fiber, fatty acids, or amino acids, that may be missing or may not be consumed in sufficient quantities in a person's diet...
s containing specialty lipidLipidLipids constitute a broad group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins , monoglycerides, diglycerides, triglycerides, phospholipids, and others...
s, such as Omega-3 oils. - Fatty acidFatty acidIn chemistry, especially biochemistry, a fatty acid is a carboxylic acid with a long unbranched aliphatic tail , which is either saturated or unsaturated. Most naturally occurring fatty acids have a chain of an even number of carbon atoms, from 4 to 28. Fatty acids are usually derived from...
amideAmideIn chemistry, an amide is an organic compound that contains the functional group consisting of a carbonyl group linked to a nitrogen atom . The term refers both to a class of compounds and a functional group within those compounds. The term amide also refers to deprotonated form of ammonia or an...
s 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
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
, Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
, the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, Korea
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
, and Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
.
Dearne Valley
The disused bitumen processing plant situated within the KilnhurstKilnhurst
Kilnhurst is a village in South Yorkshire, England, on the banks of the River Don and the Sheffield and South Yorkshire Navigation. It grew up around the coal mining, ceramics, glass, brick-making and locomotive industries; none of these industries remain in the village.-Residents:The sculptor...
and Swinton
Swinton, South Yorkshire
Swinton is a suburban town within the Metropolitan Borough of Rotherham, in South Yorkshire, England on part of the west bank of the River Don...
districts is an issue of significant environmental concern.