Sensient Technologies to acquire GlobeNatural’s natural color business

TAGS

Food ingredient news : US-based has agreed to buy Peruvian natural ‘s natural color business for an undisclosed price.

Sensient Technologies, which manufactures colors, flavors and fragrances, expects the acquisition to strengthen its ‘Seed to Shelf’ strategy. Post-acquisition, it will rename the GlobeNatural’s natural color business to Sensient Natural Colors .

Headquartered in Lima and owned by the Michell Group, GlobeNatural has over 25 years of experience in the procuring, manufacturing, and exporting of natural food ingredients.

See also  Fresh & Ready Foods initiates recall of four torta sandwiches due to listeria concerns

GlobeNatural’s natural food colors are used in a broad variety of food and beverage applications across various parts of the globe.

Globe natural colors are used in a wide range of food and beverage products

Globe natural colors are used in a wide range of food and beverage products. Photo courtesy of Business Wire.

Commenting on Sensient Technologies acquisition of GlobeNatural’s natural color business, Paul Manning – Chairman and CEO of Sensient Technologies, said: “This acquisition is an important component of our ‘seed to shelf’ initiative in food colors.

See also  Novartis bags Kesimpta FDA approval for relapsing forms of MS

“Eighty percent of food products launched globally use natural colors and coloring foodstuffs and we anticipate that this market will continue to grow. We will continue to innovate and expand our natural color supply chain portfolio.”

Sensient Technologies acquisition of GlobeNatural’s natural color business is expected to be wrapped up in the first quarter of this year.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This