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
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.