Oterra—formerly known as Chr. Hansen Natural Colors—is acquiring Diana Food’s natural food coloring business, according to a press release. Diana Food is owned by Symrise AG.
“We are thrilled at the prospect of welcoming the entire natural colors team of Diana Food, and their dedicated customers, to the Oterra family,” said Odd Erik Hansen, CEO, Oterra, in the press release. “Diana Food has built an impressive business under Symrise, and we look forward to continuing Diana Food’s strong customer and supplier relationships. This deal will further strengthen Oterra’s access to high quality raw materials, and complement our agronomy competencies.”
Cees de Jong, Chairman of Oterra, added: “The carve-out of Diana Food’s coloring business from Symrise is strategically important to Oterra, and after less than three months of new ownership we are already strongly progressing on our ambitious growth journey.”
Diana Food’s labor unions were presented the offer, in compliance with French legal requirements. Oterra expects the purchase agreement to be finalized in the coming months.