Oterra has outlined its intent to acquire Diana Food’s natural food colouring business, with both parties having now signed the transactional agreement.
Once the transaction is completed, Oterra will fully integrate Diana Food’s natural colouring business into its offering.
Diana Food is currently owned by Symrise AG, a global supplier of fragrances, flavours, food, nutrition and cosmetic ingredients.
This is the second acquisition in a short period of time for Oterra, an EQT portfolio company, who acquired SECNA Natural Ingredients Group S.L in June.
For Oterra CEO Odd Erik Hansen, these acquisitions are a vital part of the company’s strong growth ambitions.
“Consumers these days know what they want, and all research shows that the demand for natural food colours continues to grow strongly,” Hansen said.
“The market is expected to reach $3.2 billion by 2027 – and adding companies with complementary strengths and offering to our business will enable us to best help our customers on their journey towards natural.”
The absorption of SECNA and Diana Food’s natural colouring business cements Oterra’s position as a world leading supplier of natural colours, with the widest portfolio in the industry.
For more information about Oterra, visit https://oterra.com/