Sensient Technologies Corporation has reached an agreement to acquire the assets of Xennia Technology.
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 multi-national producer of functional materials headquartered in the Netherlands. 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.’
