In October 2021, Givaudan announced the initial discussion of the acquisition of DDW, The Color House, a U.S.-based natural color company. According to a recent release, as of December 9, 2021, the acquisition is now completed.
The terms of the deal have not been disclosed and Givaudan debt funded the transaction. DDW’s business would have represented approximately $140 million of incremental sales to Givaudan’s results in 2020 on a proforma basis.
Headquartered in Louisville, Kentucky, USA, DDW is a privately-held company in the natural color industry, with 12 manufacturing facilities around the world and 315 associates. This acquisition expands Givaudan's portfolio of its global Taste & Wellbeing business.
Louie D’Amico, president of Taste & Wellbeing at Givaudan, said, “Today is an exciting day as we welcome DDW associates to the Givaudan family. The acquisition of DDW further strengthens our leadership position in the color business, globally. We are confident that our complementary portfolio and capabilities will deliver a compelling value proposition to our customers across segments and in key markets, enabling us to co-create multisensorial food experiences consumers love”.
DDW’s CEO and president, Elaine Gravatte, added, “We are thrilled to begin this new chapter as a part of Givaudan. Our associates and our customers will quickly experience the benefits as we combine our strengths and capabilities. We look forward to exploring many new opportunities for growth and success in the natural color market.