EQT-owned Oterra, a supplier of natural colours, has acquired US company Food Ingredient Solutions.
Oterra’s purchase of Food Ingredient Solutions, which produces colours and natural antioxidants, will mark the company’s first US-based acquisition, strengthening its international presence.
Food Ingredient Solutions serves more than 400 customers annually and has two certified processing facilities, located in Teterboro, New Jersey, and Marshfield, Missouri.
Odd Erik Hansen, CEO of Oterra, commented: “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.”
Oterra also completed the acquisition of Diana Food’s natural food colouring business from Symrise last month, following talks that emerged earlier in the year.
The transaction will allow Oterra to offer its customers and market partners a line of USDA and EU organic-certified colours and strengthen the company’s backwards integration of red beet. The deal includes two Diana sites: Cossé in France and Holbeach in the UK.
© FoodBev Media Ltd 2021
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