Thew Arnott sells colour business
Specialist ingredients company, Thew Arnott Group has completed the sale of its colour business, Horizon Specialities, to Extrachem, based in Germany.
Extrachem has been a trusted partner and distributor for Horizon Specialities’ high-quality range of colours, dyes, pigments and lakes in Germany for several years.
Extrachem has a strong position in the food and feed industry as well as home and personal care markets in Germany and Europe; the addition of the Horizon range of products will further strengthen the company’s in-house expertise and competitive position in the marketplace.
Thew Arnott said the sale of Horizon Specialities will enable it to focus on its core business of ingredients such as lecithins, starches, coatings and polishes for the food, confectionery, pharmaceutical, and personal care industries.
Terms of the agreement are not disclosed.