Givaudan has reached an agreement to acquire US-based natural colour company DDW, The Color House.
Headquartered in Louisville, Kentucky, DDW has 12 manufacturing facilities around the world.
The company offers a range of solutions for food and beverage manufacturers, including caramel colours, natural colours and burnt sugars.
“I am excited about the opportunity to bring together the strong heritage and capabilities of DDW in natural colours with Givaudan’s expanded portfolio, which is fully in line with our 2025 strategy,” said Louie D’Amico, president of Givaudan’s taste & wellbeing division.
“The combination of both companies will enable us to become a global leader in natural colours and strengthen our ability to create with our customers multi-sensorial food experiences consumers love.”
DDW’s chairman Ted Nixon added: “I am very proud of all that DDW has accomplished throughout its more than 150 years as a privately held company and we are confident that we will continue to flourish as part of Givaudan”.
“We believe that we have a strong set of shared purpose and values with Givaudan and that this transaction represents a very positive step for DDW’s customers and associates.”
The transaction is expected to close in the last quarter of this year. The financial terms of the deal have not been disclosed.
Givaudan announced it was renaming its flavour division as taste & wellbeing last year, in a move to reflect its expanded product offering.
© FoodBev Media Ltd 2024