EQT Partners (EQT IX) Acquires Chr. Hansen's Natural Colors Division

Givaudan to Acquire DDW, The Color House

October 11, 2021

Food & Beverage

Givaudan has reached an agreement to acquire DDW, The Color House, a US-based natural colour company headquartered in Louisville, Kentucky. The acquisition (terms undisclosed) will expand Givaudan's Taste & Wellbeing portfolio and natural-colour capabilities; DDW operates 12 facilities, has about 315 employees and would have contributed roughly USD 140 million of incremental sales on a 2020 pro forma basis. The transaction is expected to close in Q4 2021 and is planned to be debt funded.

Heubach Group and SK Capital Partners Acquire Clariant's Global Colorants Business

January 3, 2022

Manufacturing

The Heubach Group and SK Capital Partners completed the acquisition of Clariant's Global Colorants Business (Clariant Pigments), combining the two businesses to operate under the Heubach brand and form a global pigment technology leader. The combined Heubach Group will operate from nineteen manufacturing facilities, establish its headquarters in Vienna, Austria, and employ approximately 3,000 people; Stefan Doboczky was named CEO effective January 10, 2022.

Novozymes and Chr. Hansen Combine to Form Novonesis

January 29, 2024

Biotechnology

On January 29, 2024 Novozymes and Chr. Hansen completed a statutory merger to create Novonesis, a global biosolutions company focused on enzymes, cultures and microbial solutions. The combined group will employ around 10,000 people worldwide and have pro forma annual revenue of approximately EUR 3.7 billion, with targeted synergies across food & health and planetary health portfolios.

Chroma Color Corporation Acquires Epolin Chemicals

June 3, 2020

Manufacturing

Chroma Color Corporation, a portfolio company of Arsenal Capital Partners, has acquired Epolin Chemicals LLC, a developer and manufacturer of near-infrared (NIR) absorbing dyes and thermoplastic compounds. The acquisition expands Chroma Color’s product portfolio and technical capabilities in NIR dye technology while Epolin will operate as an independent subsidiary to enable cross-selling and continued investment in R&D.

EQT Acquires Recover Nordic

December 10, 2019

Industrial Services

EQT (via its EQT VIII fund) has entered into an agreement to acquire Recover Nordic from funds advised by Agilitas Private Equity. Recover Nordic is a Nordic market leader in property remediation and environmental services, headquartered in Oslo with over 90 branches and more than 2,100 employees; EQT said it will support the company’s digitalization, professionalization and continued M&A-led growth.

Kerry Group to Acquire Lactase Enzyme Business from Chr. Hansen and Novozymes

December 14, 2023

Food & Beverage

Kerry Group PLC has agreed to acquire part of the global lactase enzyme business carved out from Chr. Hansen Holding A/S and Novozymes A/S for a total consideration of €150 million (subject to closing adjustments). The deal includes certain trade and assets of Chr. Hansen's global lactase business and 100% of Nuocheng Trillion Food (Tianjin) Co., Ltd.; the lactase business generated about €40 million in revenue in 2022 and the transaction is expected to close in the first half of 2024 subject to European Commission approval.