MILWAUKEE - Sensient Technologies Corporation
announced Thursday that it has reached an agreement to acquire
the assets of Xennia Technology Ltd., a United Kingdom-based
manufacturer of specialty inks used in digital printing.
Xennia’s product lines consist of reactive, acid
and sublimation inks for printing on a range of textiles and
other substrates. Xennia reported revenue of approximately $11
million in 2014, according to the announcement.
The transaction is expected to close in the third
quarter of 2015.
“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,” said Sensient CEO and President Paul Manning in
Based in Milwaukee, Sensient Technologies
Corporation is a global manufacturer and marketer of colors,
flavors and fragrances.