UPEI and Synapse congratulate Nautilus on becoming part of Croda Group
The University of Prince Edward Island and Synapse Applied Research and Industry Services congratulates Nautilus Biosciences Canada Inc. (Nautilus), a marine biotechnology company founded by UPEI professor Russell Kerr, on being acquired by Croda International Plc.
Croda Group is an international, multi-sector company that provides innovative, sustainable ingredients for customers in the areas of personal care, health care, crop care, polymer additives, lubricants, coatings and polymers, geo tech, home care and industrial specialities.
Synapse was pleased to support the acquisition process by shepherding discussions and helping coordinate the agreements between UPEI and Croda/Nautilus. Synapse, an independently-incorporated company was created to help transfer the expertise and knowledge housed in UPEI into products, processes, services, and insights that can provide practical social and economic benefit beyond the university environment.
UPEI President and Vice-Chancellor Alaa Abd-El-Aziz said, “We are delighted that a technology rich enterprise coming from the University will become part of an internationally recognized company like Croda, and that their excellent work researching marine microbial microbiology will continue to develop and have commercial realization. We look forward to future opportunities for partnership and collaboration with both Nautilus and Croda.”