Aroma & Fine Chemicals

Aroma manufactures ingredients for household cleaning products

Widnes-based Aroma and Fine Chemicals is a manufacturer of key aroma ingredients for household cleaning products. CBPE backed the management team led by Steven Pipe in a buyout from its former US parent, IFF Inc in December 2002.

The CBPE investment allowed management to carve the operations of Aroma and Fine Chemicals out of its parent and to successfully establish the business as a standalone entity.  Aroma established relationships with all the major flavours and fragrance manufacturers globally and represented an attractive strategic asset when it was sold in 2004.

CBPE and management realised their investments when the group was sold to Octel, a US supplier of fuel additives, in August 2004 for £21m. Post sale, the business was renamed Innospec. CBPE achieved a return of nearly four times its original capital investment.

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    Speciality chemicals

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