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News 18.10.2022

Oterra solidifies APAC footprint with closing of its latest acquisition

Oterra, one of the world’s leading suppliers of natural colours with one of the widest portfolios in the industry is pleased to announce that the acquisition of India’s Akay Group is now complete. Oterra announced its intention to purchase Akay in July of 2022.

Oterra™ solidifies APAC footprint with closing of its latest acquisition
(Photo: Oterra)

Oterra, one of the world’s leading suppliers of natural colours with one of the widest portfolios in the industry is pleased to announce that the acquisition of India’s Akay Group is now complete. Oterra announced its intention to purchase Akay in July of 2022. Founded in 1995, Akay Group is a leading player in the natural colours and nutraceutical ingredients market.

This acquisition is the company’s fourth in under two years, and its first within the Asia Pacific region. Based in Kerala, India, Akay has four manufacturing sites in southern India that Oterra will add to its existing production network, as well as 400 employees who will join the team.

The acquisition further strengthens Oterra’s backwards integration, mainly in turmeric and paprika. It also provides a strong addition in the nutraceutical ingredients area and will allow the company to offer its customers and market partners a complimentary portfolio to its existing natural food colours solutions for dietary supplements.

The two companies have a long-standing connection. Oterra, previously known as Chr. Hansen Natural Colors, was in 1995, part of a joint venture with Akay to produce natural colours from turmeric and paprika. From 2007, Akay continued as an independent company, but Oterra and Akay kept close ties with each other since Akay was a key supplier to Oterra.

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