Oterra to acquire Diana Food’s colouring business

Date: 18.06.2021Source: Oterra

The world leader of natural food colours, Oterra, formerly known as Chr. Hansen Natural Colours A/S, has today 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.

Said Odd Erik Hansen, CEO, Oterra. “We are thrilled at the prospect of welcoming the entire 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.”

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.

Said de Jong: “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.”

In compliance with French legal requirements, Diana Food’s labour unions, based in France and the UK, have been presented with the offer. Depending upon the processing time, Oterra, expects the purchase agreement to be finalized in the coming months. For more visit Oterra.com

David Cox / IDM

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