# Croda acquires Spanish fragrances firm Iberchem for £736M

Croda PLC has acquired Iberchem, a Spanish fragrances and flavours company, for £736 million, funded partly by a £600 million placing and retail offer.

- Type: Acquisition
- Announced: 2020-11-18
- Where: Spain
- Value: $970.0M (736.0M GBP)
- Status: completed
- Products: fragrances, flavours
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Croda](https://endata.com/companies/24708.md) (acquirer)
- [Iberchem](https://endata.com/companies/25358.md) (target)

## Sources

- [proactiveinvestors.co.uk](https://www.proactiveinvestors.co.uk/companies/news/934249/croda-snaps-up-spanish-fragrances-firm-iberchem-for-736mln-934249.html), 2020-11-18: "Croda PLC has launched a £600mln placing and retail offer to help fund the £736mln acquisition of Spanish fragrances and flavours firm Iberchem."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.