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Food and Beverages | Monday, July 05, 2021
Oterra is delighted to inform that it has completed its acquisition of SECNA Natural Ingredients Group S.L.
FREMONT, CA : Oterra is delighted to inform that, further to the press release on April 27, 2021, it has acquired SECNA Natural Ingredients Group S.L.
This is Oterra's first acquisition, bought by private investment company EQT in March 2021 after Chr. Hansen sold their natural colours business (Chr. Hansen Natural Colors). Oterra recently stated its intention to explore a second acquisition, this time the colors business of Diana Food.
Odd Erik Hansen, CEO of Oterra, stated, "This is an exciting time for the industry as demand for natural colors continues to increase. We expect the addition of SECNA to be a meaningful contributor to Oterra's growth in 2021 and beyond, as we solidify our position as the world's leading supplier of natural colors. We look forward to offering both our, and SECNA's, customers a fully integrated go-to-market service soon."
Oterra will be able to provide even more value to its consumers worldwide due to this acquisition. SECNA'S anthocyanins from black carrots and grapes and caramel and an organic collection are all part of notable portfolio additions. The SECNA group will be fully integrated into Oterra after a span of time.
Around 80 SECNA employees will join Oterra, with offices in Spain and Italy. This is an interesting opportunity for Oterra, and they are looking forward to joining the team. "SECNA's skilled and competent workforce stood out from the start, and I am happy to welcome them to the Oterra family," said Odd Erik Hansen.
Oterra is the world's largest supplier of naturally sourced colors. The company has used the power of nature's true colors and promoted the idea that nature is ideal since its first color launch in 1876. They continue to share their unmatched experience in food, beverage, dietary supplements, and pet food colors with manufacturers throughout the world to help them create appealing products for customers.