Yule Catto sells Oxford Chemicals to Frutarom Industries

Clearwater International’s Chemical Sector Team achieves double success for Yule Catto plc with the sale of two non-core subsidiaries, PFW Aroma Chemicals and Oxford Chemicals.

PFW Aroma Chemicals BV (PFW) is a European manufacturer of aroma and specialty chemicals. It is the world leader in Tonalid, one of the polycyclic musk products in PFW’s fragrance ingredients assortment, used by the flavour and fragrance industry. Furthermore PFW focuses on toll and contract manufacturing in order to fully utilize the production capabilities at its two high quality production units: one automated specialised Friedel-Crafts plant and one specialised in multipurpose fine chemical production. PFW Aroma Chemicals BV was acquired by Keva (UK) Ltd, a business set up by a prominent Indian entrepreneur in the flavour and fragrance industry. Founded in 1973, Oxford Chemicals Limited (OCL) is based in the UK and is the world’s leading manufacturer of High Impact Aroma Chemicals (HIAC’s) – supplying the flavour & fragrance and speciality/fine chemical markets. Core competencies include Sulphur and Heterocyclic chemistry plus Aldehydes, Acids, Alcohols, Esters and Pyrazines.

Oxford Chemicals was acquired by Frutarom Industries, a rapidly growing global flavour and fragrance and fine ingredients company, headquartered in Israel. Frutarom is numbered among the ten leading companies in the world, in the field of flavours & fragrances. It creates, develops, manufactures and markets an extensive variety of high quality flavours and fine ingredients for customers in the food, beverage, functional food, flavour, fragrance, pharmaceutical, nutraceutical and cosmetic industries. They market and sell over 20,000 products to more than 10,000 customers in 120 countries, have 25 R&D labs and operate 18 production facilities in Europe, North America, Israel and Asia, employing 1,500 employees worldwide.

Clearwater International was appointed by listed Yule Catto & Co plc to sell their non-core subsidiaries as a result of Clearwater International’s extensive knowledge of the global chemicals sector. With competitive tension maintained throughout the sale process with a number of potential strategic overseas buyers, Clearwater International delivered two successful deals within predicted timescales and price expectations. Both deals once again demonstrate Clearwater International’s strong cross-border deal origination and transactional capabilities.