Sovereign Acquires Croda’s Adhesives Business

November 28, 2000
/ Print / Reprints /
/ Text Size+
Sovereign Specialty Chemicals announced the acquisition of the adhesives business of Croda International Plc.

CHICAGO – Sovereign Specialty Chemicals, Inc., announced the acquisition of the adhesives business of Croda International Plc. (U.K.) for an initial purchase price of approximately $60 million. Additional contingent consideration of up to approximately $4 million is payable in early 2001 depending on the performance of certain operations.

Croda's adhesives operations consist of three business units: North America, based in suburban Chicago; Europe, based in Newark-on-Trent, U.K.; and Brazil, based near Sao Paolo. Revenues for the business are in the range of $60 million annually, with a strong emphasis in packaging and converting markets. Croda's adhesives business is a leading supplier for cold seal, flexible packaging, bookbinding and case/carton sealing. It has a strong sales force serving these markets on a direct basis, and a technology portfolio specialized in water-based and hot melt adhesives. Primary manufacturing locations are Plainfield (Illinois), Newark (U.K.) and Kappellen (Belgium).

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.


ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts


Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe


Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40  youtube_40pxlinkedin_40