The world leader of natural food colours, Oterra, formerly known as Chr. Hansen Natural Colors A/S, has announced plans to continue its strong growth acceleration through the acquisition of Diana Food’s natural food colouring business. Diana Food is owned by Symrise AG, a global supplier of fragrances, flavours, food, nutrition, and cosmetic ingredients.
“We are thrilled at the prospect of welcoming the whole natural colours team of Diana Food, and their dedicated customers to the Oterra family. Diana Food has built an impressive business under Symrise, and we look forward to continuing Diana Food’s strong customer and supplier relationships. This deal will further strengthen Oterra’s access to high-quality raw materials, and complement our agronomy competencies,” said Odd Erik Hansen, CEO, Oterra.
This will be the second acquisition for Oterra, following the recent announcement to acquire SECNA Natural Ingredients Group S.L. For Cees de Jong, Chairman of Oterra, this latest development is a move in the right direction.
"The carve-out of Diana Food’s colouring business from Symrise is strategically important to Oterra, and after less than three months of new ownership we are already strongly progressing on our ambitious growth journey,” said de Jong.
In compliance with French legal requirements, Diana Food’s labour unions, based in France and the UK, were presented the offer today. Depending upon the processing time, Oterra, expects the purchase agreement to be finalized in the coming months. Oterra, looks forward to welcoming Diana Food’s natural colour colleagues and customers on our ambitious and exciting journey.
For further information, visit oterra.com
