Adhesives & Sealants Headlines

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

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!


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 October 2014 cover

2014 October

You won't want to miss our October issue: industry trends from the ASC, converting and packaging, testing, a preview of The Assembly Show, and more!

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

ASI 2014 Buyers GuideASI'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 google+ icon ASI 30px