DuPont has divested its Natural Colors business, which is part of the DuPont Nutrition & Biosciences segment, to DDW, The Color House.
DDW is a global privately held company specializing in natural color solutions for the food and beverage industry. The divestiture closed on June 28, 2019. Financial terms were not disclosed
The sale is part of DuPont’s strategy that is expected to result in the sale of various businesses as a way to maximize shareholder value.
“The Natural Colors business offers quality natural colors to a global customer base and is an attractive business with two world-class production sites. However, it is not part of N&B’s strategic focus areas. Following a strategic review of the Natural Colors business, we concluded that it would likely deliver greater value as part of a dedicated and leading colors player. We are convinced that the Natural Colors business will thrive under DDW’s ownership,” said Matthias Heinzel, president, DuPont Nutrition & Biosciences Business.
For more information on DuPont’s Nutrition & Biosciences business, log on to www.biosciences.dupont.com
DuPont is headquartered near Wilmington.
