The US-based ink, flavouring and colour manufacturer has purchased Xennia, which produces textile inks.
JSOnline reported on the acquisition by Sensient of Xennia Technology Ltd., which manufactures digital inks for “printing on textiles and other materials”. Sensient stated that “it expects to close on the purchase in the third quarter”, with Xennia having recorded a revenue of around $11 million (€9.8 million) in 2014.
Xennia’s product lines consist of “reactive, acid and sublimation inks”, and the business is currently owned by Royal Ten Cate NV, a Dutch producer of “functional materials”. Sensient recently released a new sublimation ink range in March this year, and was reported last October to have agreed a new credit arrangement with its parent company Sensient Technologies Corporation.
Paul Manning, President and CEO of Sensient, stated: “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.”