Loders Croklaan sale completed. (Top of the News).
The closing of the sale of, Channahon, IL-based Loders Croklaan by
Unilever to Malaysia's IOI Corporation Berhad Group was completed
in late November, making Loders Croklaan a part of the IOI Group. The
sale will have no immediate consequences on the day to day operation of
the company, the name Loders Croklaan will remain and Etienne Selosse
will remain in charge of the company. Both Loders Croklaan and IOI
Corporation Berhad will benefit from this transaction. Loders Croklaan
will benefit through an optimal control of the supply chain as a whole a
stronger base in the Asian Market and linkages with the oleochemical activities of IOI Corporation. IOI Corporation will benefit from the
presence of Loders Croklaan in Europe and North America and from its
research and development capability. IOI Corporation Berhad is one of
the largest listed companies in Malaysia, with interest in plantations,
refinery oleochemicals and property development.