2724 Loker Avenue West
Carlsbad, CA 92010
Phone: (760) 930-1600
Fax: (760) 930-1603
Sales: $55 million in inkjet inks; $1.5 billion (overall)
Key Personnel: Kenneth Manning, chairman and CEO; John Collopy, VP and treasurer; Christopher Daniels, VP, human resources; John Hammond, SVP, general counsel and secretary; Richard Hobbs, SVP and CFO; Paul Manning, president and COO; Scott Jacobson, general manager, Digital Ink Jet Inks, Americas.
Major Products: Water-based pigmented and dye-based inkjet inks for desktop printers; water-based, solvent-based, oil-based and dye-based inkjet inks for wide format, textile and industrial applications.
Operating Facilities: St. Louis, MO, Tijuana, Mexico; Badalona, Spain; Norfolk, UK, Morges, Switzerland; Bitterfeld-Wolfen, Germany.
Comments: Sensient Technologies is a worldwide leader in inkjet and colorant technology, as well as the world’s leading supplier of flavors, fragrances and colors used to make a diverse variety of foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors.
In 2012, Sensient achieved record revenue of $1.5 billion, an increase of 5% over 2011, and operating income of $191.2 million, an increase of 3% from 2011.
The Flavors & Fragrances Group, its largest division, had sales of for $875.3 million in sales in 2012. The Colors Group achieved record sales of $494.1 million in 2012. Inkjet inks and colors account for 12% of Color Group sales, or $55 million.
“We achieved record revenues and earnings for a third consecutive year despite a very challenging environment,” said Kenneth Manning, chairman and CEO of Sensient Technologies. “We increased our dividend, repurchased shares and continued to reinvest in our business during 2012. We continue to see growth opportunities and I am very optimistic about the company’s future.”
In the digital inkjet market, Sensient’s Formulabs and SensiJet desktop inkjet ink sales remain strong, as the company supplies inks to the leading OEM desktop printers. The company also offers inks for wide format and textile markets, including its ElvaJet pigmented inks for polyester.
Sales and profits for inkjet inks in the Americas increased by more than 10% compared to 2011, with increased focus and market alignment and penetration within textiles, packaging and security digital inks. Scott Jacobson, general manager, Digital Ink Jet Inks, Americas, added there is increased transformation from conventional printing to digital inkjet wide format printing within the textile and packaging segments.
In a major personnel move, Paul Manning was elected to the position of president and chief operating officer, as well as to Sensient’s Board of Directors. Paul Manning joined Sensient in June 2009 as general manager, Food Colors, North America, and his responsibilities later expanded to include all of Latin America, as well as pharmaceutical, industrial and inkjet colors. He was elected president of the Color Group in July 2010. Under Paul Manning’s leadership, the Color Group achieved record operating profits during the time he served as president.
Michael Geraghty will succeed Paul Manning as president of the Color Group. Mr. Geraghty joined Sensient in April 2011 as general manager, Food Colors USA.
Sensient Technologies continues to expand its global color and flavor facilities. In early 2012, the company announced the opening of its new complex in Jundiaí, Sao Paulo, Brazil. In October, Sensient announced that it plans to make a significant investment to build a new color and flavor complex in Johannesburg, South Africa.