Sensient To Buy Specialty Inks Company

(RTTNews) - Sensient Technologies Corp (SXT), a maker of colors, flavors and fragrances, on Thursday agreed to buy Xennia Technology Ltd, a UK manufacturer of specialty inks used in digital printing. The financial terms of the deal were not disclosed.

The deal 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. The business is currently owned by Royal Ten Cate NV, a producer of functional materials headquartered in the Netherlands. Xennia reported revenue of about $11.0 million in 2014.

"Xennia's strong technical capabilities will broaden our product offering and accelerate our access to important customers and markets for our inks business," said Paul Manning, CEO of Sensient.