TenCate has signed the agreements with Sensient Technologies Corporation (Milwaukee, Wisconsin, USA) to acquire the assets of Xennia Technology Ltd (Letchworth, UK). Consequently, the expectation is realistic that a final closing of the envisaged transaction can be reached shortly. Financial details of the transaction will not be made available.
Xennia Technology is predominantly an ink supplier for industrial digital inkjet processes for various industries. In recent years Xennia Technology successfully developed inks for various niche applications, mainly for the ceramic industry and the (technical) textile industry.
As an enabling partner, Xennia Technology has been part of the technological innovation of TenCate in connection with digital printing and finishing. The current stage of this development has enabled TenCate to review its ownership position. As from 2014 TenCate successfully launched its first commercial products on the basis of digital inkjet technology in the market segment of outdoor fabrics.
Sensient Technologies Corporation is a leading global manufacturer and marketer of colours, flavours and fragrances. The activities of Xennia Technology will become part of the Sensient Colors Group.
Royal Ten Cate
Almelo, The Netherlands, Thursday, 7 May 2015