Oterra natural colours strikes deal for US-based Food Ingredient Solutions
Global natural colours group Oterra has expanded its international presence within the segment after acquiring US-based business Food Ingredient Solutions, reports Neill Barston.
The Danish-founded company, which has more than 145 years experience under its original branding of Chr. Hansen, has continued to develop products for a wide range of markets including for the confectionery and snacks sector.
Its latest acquisition was founded in 1999, producing natural colours and antioxidants, serving more than 400 customers annually and has two certified processing facilities located in Teterboro, New Jersey, and Marshfield, Missouri.
Oterra, which became the new name for Chr. Hansen last year, continues its strong growth with multiple complementary bolt-on acquisitions since its inception, including the acquisition of SECNA Natural Ingredients Group S.L. and Diana Food’s colouring business in Europe earlier in 2021. Food Ingredient Solutions will mark its first US-based acquisition, strengthening its on-the-ground international presence and creating meaningful synergies with Oterra.
“North America is one of the fastest growing natural colours markets, and this acquisition puts Oterra in a great position to further support our customers in the conversion towards natural colours” said Cees de Jong, Chairman, Oterra.Jeff Greaves, Founder and CEO of Food Ingredient Solutions, will join Oterra. “I’m thrilled that Food Ingredient Solutions will become a part of Oterra. We have a strong local presence and great customer relationships, and as Oterra we will be able to offer our customers access to the most extensive portfolio of natural colours in the world” said Greaves. “We look forward to welcoming the Food Ingredient Solutions team to Oterra. They will join a strong team of dedicated natural colour specialists from around the world, and their addition will be met with excitement, especially from our US employees as we further strengthen our US position” said Odd Erik Hansen, CEO, Oterra.