Oterra, the world’s leading supplier of natural colours, further strengthens its core offerings with the acquisition of Akay Group, a prominent natural ingredients manufacturer. Founded in India in 1995, Akay Group is a leading player in the natural colours and nutraceutical ingredients industry. Based in Kerala, India’s spice hub, the company serves over 40 countries, has four manufacturing sites in southern India and employs more than 400 people.
The acquisition, Oterra’s fourth in only 14 months, shall be a win-win for both parties. Oterra, previously known as Chr. Hansen Natural Colours, will not only strengthen its access to natural colours but also to an attractive product pipeline backed by state-of-the-art manufacturing plants and strong R&D capabilities.
“Akay is a great strategic match for Oterra”, says Cees de Jong, Chairman of Oterra. “It adds to Oterra’s best-known core-strength – natural colours, and its portfolio of nutraceutical products complements Oterra’s existing portfolio of products for natural dietary supplements. The demand for all-natural products in this market is on the rise – and so is Oterra.”