12 December 2017

ABOUT CRODA

ABOUT IONPHASE

DETAILS

Croda International Plc today announced that

it has acquired IonPhasE for €24m.

IonPhasE is an innovative technology supplier

of static electricity protection products

headquartered in Tampere, Finland.

Operating in some of the fastest growing segments

within the plastics market, IonPhasE has developed

a unique range of anti-static additives that

help to prevent damage to electrical components,

increase the safety of chemical and food packaging and

improve the long term appearance of consumer appliances.

Focused on Electrostatic Discharge Protection (ESD) and

Inherently Dissipative Polymers (IDPs), IonPhasE’s products

use the most advanced technologies

in the static electricity protection market,

which work to release static electricity in a controlled way.

 IonPhasE’s products are a natural extension

 to Croda’s existing product portfolio and, by bringing together

 the expertise of both research and development teams,

 Croda will be able to offer a broader

 and more diverse range of products to its customers

 through its dedicated global marketing and sales force.

Maarten Heybroek,

President Performance Technologies at Croda

“This acquisition supports our growth strategy within

 high technology, consumer driven material markets.

 We are delighted that IonPhasE

 is bringing its industry leading knowledge

 in the rapidly growing market

 for Electrostatic Discharge Protection to Croda”. 

“The acquisition of IonPhasE

  presents a significant opportunity for us at Croda,

  with its differentiated and patented product range,

  operating in a niche, high value sector of the polymer market.

 The experience and knowledge of the IonPhasE management team,

 coupled with our innovation strength, global sales reach

 and complimentary technologies, will allow us to better meet

 the needs of our customers within our Smart Materials sector.”

Claus Carlsen,

Chief Executive Officer at IonPhasE

“For over 15 years, we have focused on developing our technology

 in response to the needs of our customers. We are looking forward to

 developing this further with Croda’s support and expertise,

 whilst being able to reach existing and new customers faster

 through a higher level of customer intimacy.

 All of the team here at IonPhasE is excited about

 our future within Croda.”

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WWW.CHEMWINFO.COM  BY KHUN PHICHAI