Speciality chemicals supplier Croda International has acquired Nautilus Biosciences Canada, a technology-rich marine biotechnology company based in Charlottetown, Prince Edward Island, Canada.
Founded in 2007 by Professor Russell Kerr, Nautilus focuses on using marine microbial biodiversity to discover novel actives and materials. Croda intends to use this expertise for applications across all its market sectors, including personal care, home care and crop care products.
This acquisition comes after a proven history of successful collaboration, the two companies having worked closely together for the past six years developing specific applications for skin care and hair care, as well as crop care.
“This is another clear example of how sustainable innovation is underpinning our growth plans. With Nautilus as part of the Croda Group, we further expand our expertise in biotechnology; the Nautilus team that will join us have extensive knowledge and expertise in marine biotechnology, also known as ’blue biotechnology’. We will be able to bring new, patented products to market, alongside our already well-known green and white biotechnology ingredients, giving us the full spectrum of capabilities within this field of science,” said Steve Foots, Chief Executive of Croda.
Croda wants to establish Nautilus as a its Centre of Innovation for Marine Biotechnology at Nautilus’ existing base at the University of Prince Edward Island.