- June 17, 2021
- Posted by: Stratford Team
- Category: Business
HOLZMINDEN, GERMANY — Symrise AG announced on June 17 that it has received an offer from Oterra, formerly known as Chr. Hansen Natural Colors A/S, to acquire its natural food coloring activities, which include approximately 80 employees of Diana Food in two production facilities located in France and the United Kingdom.
“Symrise welcomes the offer from Oterra,” said Jean-Yves Parisot, PhD, president of Flavor & Nutrition at Symrise. “It supports our goal to strengthen the focus of the Flavor & Nutrition segment on its core expertise in taste, nutrition and health in food, pet food and aqua feed application areas. For strategic reasons it therefore makes a lot of sense for us to seek a partnership with a potential buyer and divest the food coloring business.”
The two production sites that would be affected by a potential transaction include a location in Cossé le Vivien in the northwest of France. The Cossé le Vivien plant has approximately 60…
