December, 2017 – Aakash Chemicals and Dye-Stuffs, Inc. (“Aakash Chemicals”) completed the acquisition of Calico Food Ingredients Ltd. (“Calico”), a Kingston, Ontario based manufacturer and distributor of food colorants and additives.
Founded in 1999, Calico serves a diverse set of customers across North America. Calico collaborates with end users to formulate, source and deliver specialty ingredients that are critical to the appearance, taste, nutritional value and stability of their products. Calico’s key product categories include natural color, synthetic color, flavors, functional ingredients and vitamin premixes.
The acquisition provides Aakash Chemicals with an entry point into natural colors while expanding its presence in the food end market.
CCC Investment Banking (“CCC”) acted as the exclusive financial advisor to Calico Food Ingredients Ltd.