Croda acquires majority stake in China's Sichuan Sipo Chemical.

UK company Croda International has acquired a 65% equity interest in Sichuan Sipo Chemical Co Ltd, a non-listed natural speciality chemicals manufacturer based in Mianyang City, Sichuan Province, China. Completion of the transaction followed receipt of regulatory approval from the Chinese authorities. The transaction increases Croda's presence in emerging markets and strengthens its Performance Technologies business. [Copyright &y& Elsevier]