Plant-based ingredients provider Roquette has completed its acquisition of Sethness Products Company, which produces caramel colours for food and beverage products.

In July, Roquette signed the agreement to acquire 100% of Sethness, for an undisclosed price.

Upon signing the agreement, Roquette CEO Jean-Marc Gilson said: “This acquisition will help accelerate Roquette’s growth plan in the food and beverage market, and further drive value for our customers.

“We have been very happy to successfully partner with Sethness in France and China for years.

“We are looking forward to working with their talented teams to continue addressing customers’ current and future needs everywher in the world.”

“This acquisition will help accelerate Roquette’s growth plan in the food and beverage market.”

Founded in the US in 1880, Sethness operates four manufacturing facilities in the US, France, India, and China.

The company’s portfolio includes a large selection of caramel colours in liquid and powdered forms, as well as a variety of clean-label options, which are claimed to be non-GMO, certified organic, gluten-free, and allergen-free.

With completion of the acquisition, Roquette is set to reinforce its global leadership in the food and beverage segment.

The acquisition is expected to contribute to the company’s strategic growth plan in the food, nutrition and health markets to address customer needs worldwide, as well as create new opportunities for Roquette and Sethness’ employees.

Roquette added that the operations and businesses of both companies will be run independently.

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