HORSHOLM, DENMARK — Oterra introduced its acquisition of India-based Akay Group, a pure elements producer. In keeping with Oterra, the acquisition will increase Akay’s entry to pure colours and manufacturing and R&D capabilities.
Based in 1995, Akay is a pacesetter within the pure colours and nutraceutical elements industries. The corporate serves greater than 40 nations, operates 4 manufacturing amenities in southern India, and employs greater than 400 folks.
“Akay is a superb strategic match for Oterra,” stated Cees de Jong, chairman of Oterra. “It provides to Oterra’s best-known core-strength — pure colours, and its portfolio of nutraceutical merchandise enhances Oterra’s present portfolio of merchandise for pure dietary dietary supplements. The demand for all-natural merchandise on this market is on the rise — and so is Oterra.”
Previous to the acquisition, Oterra, then referred to as Chr. Hansen Pure Colours, fashioned a three way partnership with Akay in 1995 to fabricate pure colours developed from turmeric and paprika. In 2007, Akay grew to become a key provider to Oterra.
“We’re very blissful to affix the Oterra household,” stated Balu Maliakel, PhD, managing director of Akay. “Now we have a fond shared historical past, that has left a major imprint on our enterprise understanding and tradition, and we share most of the similar values. I’m very assured that Oterra’s progressive mindset will deliver nice worth to Akay’s prospects. In some ways, this is sort of a homecoming for us.”
Monetary particulars of the acquisition weren’t disclosed.
“In recent times, Akay has efficiently transitioned from a pure colours and flavors enterprise to a number one science-backed botanical elements enterprise,” stated Odd Erik Hansen, chief government officer of Oterra. “We each consider in bringing one of the best of nature to the world, and we’re blissful to welcome the crew at Akay to Oterra. We look ahead to working collectively to serve our prospects sooner or later.”
The acquisition of Akay marks Oterra’s fourth in 14 months. In September 2021 the corporate acquired Diana Meals from Symrise AG, and in January 2022 it made its first US-based acquisition. Source
