Oterra (former Chr. Hansen Natural Colors) has completed another acquisition – this time of the American company Food Ingredient Solutions.
Food Ingredient Solutions is a leading American manufacturer of natural colouring ingredients and antioxidants. The company serves more than 400 customers and has manufacturing facilities in New Jersey and Missouri.
Oterra is a global market leader in the development and manufacture of natural colours for food and drinks, and, since March 2021, the company has been owned by the private equity fund EQT.
Food Ingredient Solutions is Oterra’s third acquisition in under 9 months, and the acquisition will strengthen Oterra’s international presence and result in a range of synergies. Earlier in 2021, Oterra announced the acquisition of SECNA Natural Ingredients Group S.L., and, recently, also of Diana Food’s colouring business.
All American aspects of the acquisition were handled by the American law firm Winston & Strawn. Accura advised Oterra and EQT on financing and structuring, co-investments and additional aspects relating to the integration of Food Ingredient Solutions in the Oterra Group.