Croda, a very successful international company, is moving into PEI with its acquisition of Nautilus Biosciences Canada, a marine biotechnology company based in Charlottetown.
Croda International creates, makes and sells speciality chemicals for some of the biggest, most successful brands in the world.
Nautilus was founded in 2007 by Professor Russell Kerr.
Croda and Nautilus have worked closely together for the past six years developing specific applications for skin care and hair care, as well as crop care. Croda intends to establish Nautilus as a Croda Centre of Innovation for Marine Biotechnology at Nautilus’ current facilities at UPEI.