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South Korean firm specializes in ceramide and phospholipid technologies.
February 7, 2023
By: TOM BRANNA
Editor
Croda International PLC agreed to buy Solus Biotech from Solus Advanced Materials Co. The purchase price is nearly $280 million at current exchange rates. The move expands Croda’s Asian manufacturing capability. Based in South Korea, Solus Biotech produces biotech-derived ceramide and phospholipid technologies, and natural retinol. According to Croda, Solus is a leading supplier of naturally derived powder ceramides, a high-growth global market with further potential to extend into formulated...
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