International pure colors group Oterra has expanded its worldwide presence inside the section after buying US-based enterprise Meals Ingredient Options, stories Neill Barston.
The Danish-founded firm, which has greater than 145 years expertise below its unique branding of Chr. Hansen, has continued to develop merchandise for a variety of markets together with for the confectionery and snacks sector.
Its newest acquisition was based in 1999, producing pure colors and antioxidants, serving greater than 400 prospects yearly and has two licensed processing services situated in Teterboro, New Jersey, and Marshfield, Missouri.
Oterra, which turned the brand new identify for Chr. Hansen final 12 months, continues its robust progress with a number of complementary bolt-on acquisitions since its inception, together with the acquisition of SECNA Pure Substances Group S.L. and Diana Meals’s colouring enterprise in Europe earlier in 2021. Meals Ingredient Options will mark its first US-based acquisition, strengthening its on-the-ground worldwide presence and creating significant synergies with Oterra.
“North America is without doubt one of the quickest rising pure colors markets, and this acquisition places Oterra in an important place to additional assist our prospects within the conversion in the direction of pure colors” stated Cees de Jong, Chairman, Oterra.
Jeff Greaves, Founder and CEO of Meals Ingredient Options, will be a part of Oterra. “I’m thrilled that Meals Ingredient Options will grow to be part of Oterra. Now we have a powerful native presence and nice buyer relationships, and as Oterra we will provide our prospects entry to essentially the most intensive portfolio of pure colors on this planet” stated Greaves.
“We look ahead to welcoming the Meals Ingredient Options staff to Oterra. They’ll be a part of a powerful staff of devoted pure color specialists from world wide, and their addition will probably be met with pleasure, particularly from our US workers as we additional strengthen our US place” stated Odd Erik Hansen, CEO, Oterra.
