DuPont has divested its Natural Colors business, which is part of the DuPont Nutrition & Biosciences (N&B) segment, to DDW, The Color House.
DDW is a global privately held company specializing in natural colour solutions for the food and beverage industry. The divestiture closed on June 28, 2019.
DuPont says it has a defined strategy of active portfolio management to further align the company’s portfolio with high return opportunities, consistent with its disciplined approach to capital allocation. This includes always evaluating the business and asset mix, and, as appropriate, pursuing strategic alternatives to optimize value creation.
“The Natural Colors business offers quality natural colours 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.