Roquette has bought US caramel colour supplier Sethness following successful joint ventures between the companies in France and China.
Family-owned Sethness is headquartered in Illinois and was founded in 1880. The firm provides caramel colours for food and beverage applications and each of its caramel classes is said to offer unique characteristics and benefits.
It is expected the closing of the acquisition will take place in the third quarter of 2018.
Roquette CEO Jean-Marc Gilson said: “This acquisition will help accelerate Roquette’s growth plan in the food and beverage market, and further drive value for our customers. We have been very happy to successfully partner with Sethness in France and China for years. We are looking forward to working with their talented teams to continue addressing customers’ current and future needs everywhere in the world.”
Chuck Sethness, representative of the Sethness family, added: “Today is an important day in our long history. Over the past 135-years, our family-owned company has strived to offer the highest quality caramel colour products to the most recognised players in the food and beverage industry.
“I am pleased that Roquette, a group with which we share common values and a long-term vision, will now continue to leverage on the strong assets of both companies to reinforce its relationships with clients for the benefit of consumers globally.”
Plant-based ingredients supplier Roquette has 8,300 employees and an annual turnover of over €3.3 billion.
© FoodBev Media Ltd 2021
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