An expert and pioneer in the creation and supply of natural and botanical ingredients for the global beauty industry, the Alban Muller group is changing hands to join Croda, which already owns Sederma and Crodarom, two companies that are also based in France. After the acquisition of the Spanish manufacturer of perfume compositions Iberchem, Croda thus strengthens its position in the very dynamic market of natural cosmetic and personal care products.
Natural and ecofriendly cosmetics
With an annual revenue of 18 million euros for the year to 30 June 2020, Alban Muller is renowned for its eco-responsible approach to developing innovative botanical extracts and natural cosmetic ingredients, and for its formulation capabilities of natural and organic cosmetic products. Since its creation in 1978, the French company focuses on locally sourced raw materials.
The Alban Muller International group is now employing 90 people.
The acquisition expands Croda’s portfolio of sustainable active ingredients for customers in personal care markets. According to the British group, Alban Muller International is an “excellent fit” for Croda’s Personal Care division and completes its Beauty Actives business, principally comprising Sederma and Crodarom.
The combination also provides Croda with access to some of the most innovative technology in the botanicals market, including Zeodration, a low-energy drying technology that preserves the most sensitive of active ingredients. On the other hand, Croda intends to enhance Alban Muller’s future growth through access to their international sales network and formulation expertise.
“The acquisition of Alban Muller enhances Croda’s position as a world leader in natural and botanical actives, helping us meet the increasing demand from customers looking for ingredients of natural origin to improve the sustainability profile of their products,” said Maarten Heybroek, President of Croda’s new Consumer Care sector.
Subject to customary pre closing conditions, the transaction is expected to close by the end of Q1 2021.