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FoodNavigator can exclusively reveal Chr. Hansen Natural Colors’s new company name and identity following the move to a standalone company.
Chr. Hansen Natural Colors has announced today the company will be known as Oterra, effective immediately, and will begin the process to operate under the new name.
The new name, Oterra, is inspired by the Latin word for earth. The rebranding reflects the company’s commitment to provide the world with colours from natural sources, and contribute to food that is natural, authentic, safe and sustainable. The company’s ownership and staff have not changed.
CEO Odd Erik Hansen stated:
Buyout major EQT invests in Indonesian food ingredients maker Indesso
Photo: Indesso website
May 11, 2021
Swedish buyout major EQT has invested in Indonesia-based natural ingredients provider Indesso Group, according to its statement on Tuesday.
The investment was made through the EQT Mid Market Asia III fund.
Following the transaction, the founding Gunawan family will retain a majority stake and management control of the group.
EQT is seeking to back Indesso’s inorganic growth plans in the region and invest further in the group’s digital infrastructure and sustainability practises. It also intends to support Indesso in areas of product innovation and enhancing raw material sourcing capabilities.
\Global spices importer, processor, and supplier iSpice LLC faces a penalty of $121,511 after the US Department of Labor’s Occupational Safety and Health Administration (OSHA) uncovered safety hazards during an inspection of the firm’s Jackson, AL facility.
The agency said in a recent release that inspectors uncovered amputation, struck-by, crushed-by, and electrical hazards. Workers at the facility were permitted to clean mixing equipment without using a lockout device to prevent the machine from unexpectedly starting during service and maintenance. iSpice also failed to use energy control procedures, train workers on lockout/tagout practices, or install machine guarding to protect workers from the rotating parts of the mixer.