This is the first acquisition for Oterra, which itself was purchased by private investment firm EQT in March 2021 when Chr. Hansen divested their natural colours business (Chr. Hansen Natural Colors). Oterra, recently announced its intention to pursue a second acquisition, namely Diana Food’s colours business.
Odd Erik Hansen, CEO of Oterra, stated: “This is an exciting time for the industry as demand for natural colours continues to increase. We expect the addition of SECNA to be a meaningful contributor to Oterra’s growth in 2021 and beyond, as we solidify our position as the world’s leading supplier of natural colours. We look forward to offering both our and SECNA’s customers a fully integrated go-to-market service soon.”
With this acquisition, Oterra, will further enhance its value offerings to customers worldwide. Notable portfolio additions include SECNA’S anthocyanins from black carrots and grape, as well as caramel, and an organic range. After a period, the SECNA group will be fully incorporated into Oterra.
Approximately 80 SECNA employees, based in Spain and Italy, will join Oterra. This is an exciting time for Oterra, who look forward to having them on the team.
“SECNA’s skilled and competent workforce stood out from the start, and I am happy to welcome them to the Oterra family,” said Hansen.
[CAM1]Hi Agatha, does this mean that Oterra have started to acquire SECNA on 27 April? The “further to a press release dated..” is a bit confusing for me