Sensient Technologies Completes Acquisition of Natural Color Business from GlobeNatural
New Acquisition Will Expand Natural Color Production Capabilities
MILWAUKEE–(BUSINESS WIRE)–Sensient Technologies (NYSE: SXT), today announced the successful
closing of its acquisition of the natural color business of
GlobeNatural, a leading natural food and ingredient company based in
Lima, Peru. The new entity will operate as Sensient Natural Colors Peru
S.A.C.
The addition of a major natural color producer in Peru provides
significant new carmine and annatto production capacity and expands the
range of anthocyanin color sources in the Sensient Food Colors' product
portfolio. “This acquisition, as part of our ‘seed to shelf’ initiative,
will enable us to provide leading food and beverage manufacturers with
greater supply and cost stability while also enabling us to reach our
goals for sustainable and socially responsible sourcing. Combined with
our industry leading agronomy and natural color technologies, Sensient’s
vertical integration puts us in an excellent position to meet the
growing global demand for colors from natural sources,” commented Paul
Manning, Chairman, President and Chief Executive Officer of Sensient
Technologies.
This release contains statements that may constitute “forward-looking
statements” within the meaning of Federal securities laws. Such
forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors
concerning the Company’s operations and business environment. Important
factors that could cause actual results to differ materially from those
suggested by these forward-looking statements and that could adversely
affect the Company’s future financial performance include the following:
the pace and nature of new product introductions by the Company and the
Company’s customers; the Company's ability to successfully implement its
strategy to create sustainable, long-term shareholder value; the
Company’s ability to successfully implement its growth strategies; the
outcome of the Company’s various productivity-improvement and
cost-reduction efforts; changes in costs or availability of raw
materials, including energy; industry and economic factors related to
the Company’s domestic and international business; growth in markets for
products in which the Company competes; industry and customer acceptance
of price increases; actions by competitors, including increased
intensity of competition; the loss of any customers in certain product
lines in which our sales are made to a relatively small number of
customers; product liability claims or product recalls; the costs of
compliance, or failure to comply, with laws and regulations applicable
to our industries and markets; changing consumer preferences and
changing technologies; and failure to complete and integrate future
acquisitions or dispositions. The risks and uncertainties identified
above are not the only risks the Company faces. Additional risks and
uncertainties not presently known to the Company or that it currently
believes to be immaterial also may adversely affect the Company. Should
any known or unknown risks and uncertainties develop into actual events,
these developments could have material adverse effects on our business,
financial condition and results of operations. This release contains
time-sensitive information that reflects management’s best analysis only
as of the date of this release. Except to the extent required by
applicable laws, the Company does not undertake to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear that any projected results expressed or implied
herein will not be realized. Additional information regarding these
risks can be found in our most recent Annual Report on Form 10-K and
subsequent reports that we file with the SEC.
ABOUT SENSIENT TECHNOLOGIES
Sensient Technologies Corporation is a leading global manufacturer and
marketer of colors, flavors, and fragrances. Sensient employs advanced
technologies at facilities around the world to develop specialty food
and beverage systems, cosmetic and pharmaceutical systems, inkjet and
specialty inks and colors, and other specialty and fine chemicals. The
Company’s customers include major international manufacturers
representing most of the world’s best-known brands. Sensient is
headquartered in Milwaukee, Wisconsin.
Contacts
Sensient Technologies Corporation
Kim Chase
(414) 347-3706