The business is currently owned by Royal Ten Cate NV, 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.
“We are very excited about the expertise and opportunities that Xennia will provide,” Paul Manning, president and CEO of Sensient, said. “Xennia’s strong technical capabilities will broaden our product offering and accelerate our access to important customers and markets for our inks business.”