Roquette expands caramel capability with acquisition

12 Jul 2018

Roquette has signed an agreement to acquire 100% of Sethness Products Company, a producer of caramel colour for food and beverage markets.

Roquette expands caramel capability with acquisition

Roquette has signed an agreement to acquire 100% of Sethness Products Company, a producer of caramel colour for food and beverage markets.

The family business was founded in the USA in 1880 and is headquartered in Skokie (IL). Sethness provides a large selection of caramel colours (in liquid and powdered forms) as well as a variety of clean-label caramel colour options (non-GMO, certified organic, gluten-free, allergen-free, etc.). Its four manufacturing facilities located in the USA, France, India and China supply the world’s leading food and beverage companies.

Roquette and Sethness currently operate two JVs in France and in China.

The closing of the acquisition of Sethness is expected to occur in Q3 2018. The closing remains subject to the fulfillment of certain conditions and, until then, Sethness remains 100% owned and managed by the existing shareholders.

Jean-Marc Gilson, CEO of Roquette, said: “This acquisition will help accelerate Roquette’s growth plan in the Food & Beverage market, and further drive value for our customers. We have been very happy to successfully partner with Sethness in France and China for years. We are looking forward to working with their talented teams to continue addressing customers’ current and future needs everywhere in the world.”

Chuck Sethness, Representative of the Sethness family, said: “Today is an important day in our long history. Over the past 135-years, our family-owned company has strived to offer the highest quality caramel color products to the most recognized players in the Food & Beverage industry. I am pleased that Roquette, a Group with which we share common values and a long-term vision, will now continue to leverage on the strong assets of both companies to reinforce its relationships with clients for the benefit of consumers globally.”

Find out more about Roquette

Related news

Gen Z consumers are thirsty for variety in beverages

Gen Z consumers are thirsty for variety in beverages

31 May 2022

As Gen Z consumers gain disposable income, they are looking to quench their thirst with beverage brands that are clean, sustainable and socially responsible, according to a report from the global consumer trend forecaster WGSN.

Read more 
Tea flavour innovation in China unites tradition with modernity

Tea flavour innovation in China unites tradition with modernity

13 Apr 2022

Chinese tea brands are innovating with new flavours, blends and formats, and even making a foray into food with tea-flavoured food and drink launches.

Read more 
Low- and no-alcohol beverages see significant growth globally

Low- and no-alcohol beverages see significant growth globally

11 Apr 2022

Alcohol-free and low-alcohol beverages are helping drive growth for many alcohol manufacturers that have been struggling to adapt to the changing tastes of the market in recent years.

Read more 
Baby formula brands innovate with clean label launches

Baby formula brands innovate with clean label launches

7 Apr 2022

Clean label baby food is receiving a significant amount of development, with two recent brands ByHeart and Bobbi launching formulations certified by the Clean Label Project with a Purity Award.

Read more 
Consumers seek ashwagandha-fueled relaxation in beverages

Consumers seek ashwagandha-fueled relaxation in beverages

28 Mar 2022

Ashwagandha has been used in India for centuries, and it is only in recent years that consumers in the US and now Europe are realising its health benefits, with manufacturers starting to add this adaptogen to beverage formulations.

Read more 
A new brew: Ayurvedic coffee in India, adaptogenic coffee from Finland

A new brew: Ayurvedic coffee in India, adaptogenic coffee from Finland

10 Mar 2022

Coffee is probably one of the world’s most popular functional beverages, providing millions with their daily caffeine hit. However, some brands are taking its functional benefits further by adding in botanicals, vitamins, and other nutrients.

Read more 
Coca-Cola is spreading itself outside beverages to expand its market

Coca-Cola is spreading itself outside beverages to expand its market

28 Feb 2022

With 130 years of experience behind the brand Coca-Cola, it would be easy to imagine that the brand would be comfortably reliant on one of its 15 billion-dollar brands that make up the portfolio of one of the largest beverage companies in the world.

Read more 
Microdrink startup Waterdrop expands in US, looks to move global

Microdrink startup Waterdrop expands in US, looks to move global

24 Feb 2022

Australian beverage startup Waterdrop has raised €60 million ($70 million) in a Series B funding round led by Singapore-based investment firm Temasek. The startup, which makes microdrinks — water-soluble, sugar-free cubes packed with plant-b...

Read more 
Synthesising volatile aroma compounds to make alcohol-free beer taste better

Synthesising volatile aroma compounds to make alcohol-free beer taste better

18 Feb 2022

A Danish startup is using synthetic biology to produce the volatile aroma compounds that are lost when brewers make low- and no-alcohol beer.

Read more 
Can sugar-reducing tech revive falling fruit juice sales?

Can sugar-reducing tech revive falling fruit juice sales?

12 Feb 2022

Better Juice’s naturally sugar-reduced fruit juice will hit US supermarket shelves in spring 2022 thanks to a partnership with GEA. Could this turn around the long-term decline in fruit juice sales?

Read more