ICI sells division for £410m

The UK’s largest chemicals firm, which makes Dulux paint, unveiled a business-transforming deal today after agreeing to take on a key division of ICI for £410m (€593m).

Croda International’s planned acquisition of Uniqema, which makes ingredients for consumer products such as suncream, will see it add a business with sales of £626m (€905m) last year – more than double the amount achieved by its own operations in the same period.