Roquette has signed an agreement to acquire Sethness Products Company, the worldwide leader in the production of caramel colours for food and beverage applications for an undisclosed fee. The transaction shall contribute to reinforcing Roquette’s position in this market. Roquette, as a global leader in plant-based ingredients for Food, Nutrition and Health markets has strong ambitions to reinforce its position in these sectors worldwide.

The closing of the acquisition is expected to occur in Q3/2018 and further leverages both companies’ global capabilities in caramel colours. Prior to the proposed acquisition, Sethness and Roquette already had a strong partnership: they operated two successful joint-ventures in France (Merville) and in China (Lianyungang).

In a statement Roquette pointed out: “The transaction consists in transferring the stakes held by the Sethness family to the Roquette Group, which would become the exclusive shareholder of the company. Sethness has grown over the past 135 years by focusing on delivering the highest quality caramel colour products. As an 85-year old family-owned company, Roquette is driven by a similar long-term vision. It has been partnering with Sethness for almost 15 years and intends to ensure the continued economic development of the company in its markets, notably by reinforcing its leadership in the food and beverage industry.”