02.28.18
Sensient Technologies has reached a definitive agreement to acquire the natural color business of GlobeNatural, a leading 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.
GlobeNatural brings more than 25 years of experience in the sourcing, manufacturing, and exporting of natural food and color ingredients. The natural colors are used in a wide range of food, beverage and cosmetic applications in every region of the world.
“This acquisition is an important component of our ‘seed to shelf’ initiative in food colors. Eighty percent of food products launched globally use natural colors and coloring foodstuffs and we anticipate that this market will continue to grow. We will continue to innovate and expand our natural color supply chain portfolio,” commented Paul Manning, Chairman and Chief Executive Officer of Sensient Technologies.
From a cosmetic industry perspective, this acquisition will strengthen Sensient’s position as a leading supplier of natural colors, such as carmine and other naturally derived dyes and pigments, answering the fast growing demand for natural ingredients in cosmetic applications.
Sensient Cosmetic Technologies already offers a broad range of high purity carmine-derived pigments in its Unipure brand (Unipure Red LC 320 or Unipure Blue LC520 available in pure state, surface treated or in dispersions), as well as in its NatpureCol collection of natural dyes. In addition to carmine, the NatpureCol range includes natural dyes based on turmeric, annatto, beta-carotene, beetroot, chlorophylin complex and caramel.
GlobeNatural brings more than 25 years of experience in the sourcing, manufacturing, and exporting of natural food and color ingredients. The natural colors are used in a wide range of food, beverage and cosmetic applications in every region of the world.
“This acquisition is an important component of our ‘seed to shelf’ initiative in food colors. Eighty percent of food products launched globally use natural colors and coloring foodstuffs and we anticipate that this market will continue to grow. We will continue to innovate and expand our natural color supply chain portfolio,” commented Paul Manning, Chairman and Chief Executive Officer of Sensient Technologies.
From a cosmetic industry perspective, this acquisition will strengthen Sensient’s position as a leading supplier of natural colors, such as carmine and other naturally derived dyes and pigments, answering the fast growing demand for natural ingredients in cosmetic applications.
Sensient Cosmetic Technologies already offers a broad range of high purity carmine-derived pigments in its Unipure brand (Unipure Red LC 320 or Unipure Blue LC520 available in pure state, surface treated or in dispersions), as well as in its NatpureCol collection of natural dyes. In addition to carmine, the NatpureCol range includes natural dyes based on turmeric, annatto, beta-carotene, beetroot, chlorophylin complex and caramel.