Croda International Plc, a chemical manufacturer, has announced that it will acquire Incotect Group BC, an independent seed enhancement business headquartered in The Netherlands for a total consideration of 155 million euros. The acquisition is expected to complete on December 4.
Incotec has developed and supplied a wide range of proprietary and sustainable technologies for both vegetable seeds and field crops since 1968.
Seed enhancement has been identified as a key market opportunity for Croda’s Crop Care business. Through this acquisition, a broader portfolio of products will be available to customers through an enlarged global research and technical capability and global sales force. The Incotec business will retain its independent identity and strong brand in offering priming, disinfecting, film coating, encrusting and pelleting expertise and providing analytical quality testing.