Oterra™ announced it signed a transactional agreement to acquire Diana Food’s natural food coloring business.
Following the completion of the transaction, Oterra will fully integrate Diana Food’s natural coloring business into its world class offering. Diana Food is currently owned by Symrise AG, a global supplier of fragrances, flavors, food, nutrition, and cosmetic ingredients.
This is the second acquisition in a short period of time for Oterra, an EQT portfolio company, who acquired SECNA Natural Ingredients Group S.L in June of this year.
The absorption of SECNA, and Diana Food’s natural coloring business, cements Oterra’s position as the world leading supplier of natural colors with the widest portfolio in the industry.