Sensient to acquire natural colour business20 Feb 2018
Sensient Technologies has announced that it has reached a definitive agreement to acquire the natural colour business of GlobeNatural, a natural food and ingredient company owned by the Michell Group.
Sensient Technologies has announced that it has reached a definitive agreement to acquire the natural colour business of GlobeNatural, a natural food and ingredient company based in Lima, Peru, owned by the Michell Group. The transaction is expected to close in the first quarter of 2018. The new entity will operate as Sensient Natural Colors Peru S.A.C.GlobeNatural brings more than 25 years of experience in the sourcing, manufacturing, and exporting of natural food ingredients. The natural colours are said to be used in a wide range of food and beverage applications in every region of the world.“This acquisition is an important component of our ‘seed to shelf’ initiative in foodcolors. Eighty percent of food products launched globally use natural colours and colouringfoodstuffs and we anticipate that this market will continue to grow. We will continue toinnovate and expand our natural colour supply chain portfolio,” said Paul Manning,Chairman and Chief Executive Officer of Sensient Technologies.
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