Croda International plc is a British speciality chemicals company based at Snaith, England. It is listed on the London Stock Exchange. History The company was founded by George William Crowe and Henry James Dawe in 1925. Crowe bought an abandoned waterworks facility at Rawcliffe Bridge for £7, which would later be used to manufacture the company's first barrels of lanolin, a natural protective fat present in sheep's wool. The company was named Croda (a combination of the first few letters of his surname with that of his partner, Dawe). Crowe and Dawe began working on a process to extract lanolin from sheep’s wool for various industries, including uses in cosmetics, as a waterproofing agent, and as a dressing for leather. At the time, the UK imported lanolin, having no domestic lanolin production at all. Dawe's extraction process failed initially and Dawe left the company. Philip Wood, Crowe's nephew, was appointed manager of the site in 1925, and Wood worked closely with a Belgian chemist to develop a new extraction process. By the end of the year Croda had successfully produced its first batch of lanolin. The company struggled to remain profitable to the end of the decade until a report from the National Physical Laboratory was published describing the rust prevention properties of lanolin, creating new business opportunities for the company. The lanolin market was still in its infancy as the World Depression began to take hold in Britain, but Croda was able to expand their domestic market and exports through the 1930s as Wood refined Dawe's production process and gradually developed a wider range of product applications for lanolin. To aid in military production during World War II, Croda began producing camouflage paints, gun lubrication and cleaning oils, insect repellents, and other resources the British Empire required. When Wood died in 1949, aged 46, the board decided to run the business by committee, with Wood's son Frederick Wood appointed sales director. In 1950 Fred relocated to New York to set up the company's U.S. subsidiary, Croda Inc. In 1953 Fred returned to the UK and was appointed Croda's managing director, aged just 27. Under Fred Wood's management Croda experienced a sustained period of rapid growth. Leading cosmetics companies started using its products in the 1950s and at that time it also began to expand internationally: it moved to its present location in 1956. In 1957, Croda Inc. acquired Hummel