This is the first add-on investment since Chr. Hansen was acquired by private equity firm EQT
Chr. Hansen Natural Colors has announced plans to continue its strong growth acceleration with the integration of Secna Natural Ingredients Group into its portfolio.
This is the first add-on investment since being acquired by private equity firm EQT, and it significantly strengthens Chr. Hansen Natural Colors position by giving it access to Secna Group’s pigment portfolio, which notably includes anthocyanins from black carrots and grape, and caramel.
The Secna Group is a holding of several companies with operations in Spain, Italy and Turkey.
Odd Erik Hansen, chief executive of Chr. Hansen Natural Colors, said: “We’re committed to continuing to find new ways to harness and share the power of nature’s true colours. This is the first of many exciting milestones for us as a standalone company.”
Gabriel Muñoz, Secna Group chief executive, said this partnership is the ideal opportunity to join forces with a like-minded established industry leader. “It’s a win–win situation as Chr. Hansen Natural Colors will add our strong pigment offerings in anthocyanins and caramel to their collection, while providing our valued customers and suppliers with access to their portfolio, technologies and market reach, which is the most extensive in the industry,” he said.
In September last year, investment firm EQT agreed to acquire Chr. Hansen’s natural colours division for €800 million through its EQT IX fund. At the time, EQT argued the natural colour business’ underlying market is supported by trends such as the ongoing transition from synthetic components to natural ingredients and growing demand for sustainable and plant-based food.
Klaus Bjerrum, chief operating officer of Chr. Hansen Natural Colors, said: “The combination of our colour platforms puts us in a prime position to better serve the market and our customers, and we’re looking forward to welcoming SECNA Groups’ 100 employees to the Chr. Hansen Natural Colors team.”
Date published: 27 April 2021