Chemical company Croda acquires Canadian marine bio-tech company Magazine

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Chemical company Croda International has acquired Nautilus Biosciences, a technology-rich marine biotechnology company determined by Prince Edward Island in Canada.

Nautilus began in 2007 by Professor Russell Kerr and, in conjunction with its scientists, concentrates on using marine microbial biodiversity to determine novel actives and materials. Through this acquisition and also the associated patents, Croda will utilise this innovative science for applications across all its areas.

Croda, who has its global HQ at Snaith near Goole, and Nautilus actually have a successful past of successful collaboration, i have worked closely together within the last six years developing specific applications for pure skin care and hair, along with crop care. Croda means to establish Nautilus like a Croda Centre of Innovation for Marine Biotechnology at Nautilus’ existing base on the University of Prince Edward Island.

Steve Foots, Us president of Croda, said: “This is one other clear demonstration of how sustainable innovation is underpinning our growth plans. With Nautilus during their Croda Group, we further expand our an understanding of biotechnology; the Nautilus team that may come along have extensive knowledge and skills in marine biotechnology, also called “blue biotechnology”. I will be capable of bring new, patented products to market, alongside our already well-known green and white biotechnology ingredients, giving us the full spectrum of capabilities through this field of science.”

Professor Russell Kerr, Founding father of Nautilus, said: “We have enjoyed an incredibly positive and collaborative relationship with both Croda additionally, the University of Prince Edward Island for a lot of several will always be impressed with Croda’s drive to produce the opportunities from marine biotechnology. Becoming the main Croda group will give Nautilus the means and support to create the key centre for any research and advancement of marine-derived natural products, and providing Croda brand new products for commercial success.”

Alaa Abd-El-Aziz, President and Vice-Chancellor within the University of Prince Edward Island, said: “We are delighted a technology rich enterprise eminating from the University may become section of a globally recognised company like Croda, knowning that their excellent work researching marine microbial microbiology will continue to cultivate and still have commercial realisation. Good quality to future opportunities for partnership and collaboration with both Nautilus and Croda.”

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