Sensient Technologies is to buy Xennia Technology, a UK manufacturer of specialty inks used in digital printing. Xennia, which last year reported revenue of approximately $11.0 million, is currently owned by Royal Ten Cate NV, a multi-national producer of functional materials headquartered in the Netherlands. The transaction is expected to close in the third quarter of 2015.
Xennia’s product lines consist of reactive, acid and sublimation inks for printing on a range of textiles and other substrates. Sensient develops specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colours, and other specialty and fine chemicals. Its customers include international manufacturers representing most of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
Paul Manning, President and CEO of Sensient, said, “We are very excited about the expertise and opportunities that Xennia will provide. Xennia’s strong technical capabilities will broaden our product offering and accelerate our access to important customers and markets for our inks business.”
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