HÖRSHOLM, Denmark – Oterra announced December 29 that it has completed its acquisition of Diana Food coloring company from Symrise AG. The financial terms of the agreement were not disclosed.
The deal was first announced in September.
Oterra said it will now begin work on fully integrating Diana Food’s natural food color business into its portfolio as soon as possible. The deal includes facilities in Cossé, France, and Holbeach, UK, and gives Oterra a total of 10 production sites.
“Diana Foods is the king of red beets, having grown them for their natural coloring for over 30 years,” said Odd Erik Hansen, CEO of Oterra. “Their innovation and expertise will be powerful additions to our portfolio. I look forward to not only offering a broader portfolio to Oterra clients, but also the opportunity to open the industry’s most comprehensive portfolio to Diana’s existing clients.”
The acquisition of Diana Food’s coloring business follows Oterra’s acquisition of SECNA Natural Ingredients Group SL.
Oterra is officially known as Chr. Hansen Natural Colors A/S. The company adopted the new name, which means “earth” in Latin, in May.
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