Sensient Technologies Corporation has reached an agreement to acquire the assets of Xennia Technology, the UK 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. The business is currently owned by Royal Ten Cate, a multi-national producer of functional materials headquartered in the Netherlands. Xennia reported revenue of approximately $11.0 million in 2014. The transaction is expected to close in the third quarter of 2015.
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.”
Meanwhile Xennia Technology has appointed Barbara Borgars as sales and marketing director.