Sensient acquires Peruvian colours business
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 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 used in a wide range of food and beverage applications in every region of the world.
Paul Manning, Chairman and CEO of Sensient Technologies, comments: "This acquisition is an important component of our ‘seed to shelf’ initiative in food colours. 80% of food products launched globally use natural colours and colouring foodstuffs and we anticipate that this market will continue to grow. We will continue to innovate and expand our natural colour supply chain portfolio".
The transaction is expected to close in the first quarter of 2018.