DDW, Inc. has acquired the DuPont Natural Colors business, which was part of DuPont’s Nutrition and Biosciences division.
The transaction closed June 28. It added two manufacturing sites in the U.K. and Chile and all related customer contracts to DDW’s The Color House brand. DDW said the acquisition will expand the brand’s global reach while adding technical and manufacturing capabilities in several core natural colors.
“This is the perfect opportunity to expand our portfolio with unique new products and deepen our position in blending and emulsions,” said Ted Nixon, chief executive officer at DDW. “The associates at both sites are very experienced and will ensure that we can continue to provide outstanding products and services during the transition.”
DuPont acquired the business in 2017 as part of its acquisition of FMC’s Health and Nutrition business. The company said natural colors is not an area of focus for its Nutrition and Biosciences division.
“Following a strategic review of the Natural Colors business, we concluded that it would likely deliver greater value as part of a dedicated and leading colors player,” said Matthias Heinzel, president of DuPont Nutrition and Biosciences. “We are convinced that the Natural Colors business will thrive under DDW’s ownership.”
By Sam Danley
Source: Food Business News
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
