Oterra to acquire Diana Food's colouring business
Oterra, formerly known as Chr. Hansen Natural Colors, has signed an agreement to acquire Diana Food's colouring business. This acquisition will see Diana Food's colouring operations integrated fully into the current Oterra line-up.
This acquisition follows closely on the heels of the company scooping up SECNA Natural Ingredients Group S.L. in June.
"Consumers these days know what they want, and all research shows that the demand for natural food colors continues to grow strongly. The market is expected to reach $3.2 billion by 2027 — and adding companies with complementary strengths and offering to our business will enable us to best help our customers on their journey towards natural," said Oterra CEO Odd Erik Hansen.
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