Symrise AG has received an offer from Chr. Hansen Natural Colors A/S, now known as Oterra, to acquire Symrise's natural food coloring activities. Symrise has welcomed the offer.
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Depending on the consent, Symrise expects the purchase agreement to be signed in the coming months.
The acquisition by Oterra would affect around 80 employees of Diana Food in two production facilities located in France and the United Kingdom. In compliance with French legal requirements, the company presented the offer to the Labor Unions today.
Jean-Yves Parisot, Ph.D., president flavor and nutrition of Symrise, said, “Symrise welcomes the offer from Oterra. It supports our goal to strengthen the focus of the flavor and 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.”
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