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HIG Capital Buy Oleochemicals Business for $92 Million

Jun 10 2008

H.I.G. Capital, L.L.C. a leading global private equity firm, announced today that it has completed the previously announced acquisition of Croda International’s U.S. oleochemical business ("Oleo" or the "Company"). The transaction had a value of approximately $92 million.

H.I.G. and the current management team plan to use the Company’s infrastructure as a platform for future internal growth and selective add-on acquisitions in the specialty chemical industry.

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