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Sensient Technologies Corporation (NYSE: SXT) has announced its acquisition of Endemix Doğal Maddeler A.Ş., a natural colors and extracts company based in Turkey. This strategic acquisition aims to enhance Sensient's vertical integration in natural colors and increase its extraction and refining capabilities. CEO Paul Manning emphasized the importance of this move in strengthening Sensient's natural color solutions portfolio and positioning the company closer to key botanical growing areas, supporting customer demands for healthier products.
Positive
Acquisition of Endemix enhances vertical integration for natural colors and extracts.
Increase in extraction and refining capacity to strengthen product offerings.
MILWAUKEE--(BUSINESS WIRE)--
Sensient Technologies Corporation (NYSE: SXT) announced that it has acquired Endemix Doğal Maddeler A.Ş. (Endemix). Endemix, located in Turkey, is a vertically integrated natural color and extracts company servicing the food and beverage markets.
“The acquisition of Endemix allows Sensient to further expand its vertical integration for key natural colors and add extraction and refining capacity, further strengthening our position as a leading natural color solutions provider,” said Paul Manning, Chairman, President, and Chief Executive Officer of Sensient Technologies Corporation. “I am excited to welcome the Endemix team to Sensient and to work to capitalize on the robust R&D and supply chain they have developed.”
The acquisition of this business strengthens Sensient’s extensive natural color portfolio capabilities and puts Sensient operations closer to key botanical growing areas. This is a testament to Sensient’s focus and commitment to provide natural solutions to support our customers in meeting demands for healthier, cleaner products.
ABOUT SENSIENT TECHNOLOGIES
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. Sensient uses advanced technologies and robust global supply chain capabilities to develop specialized solutions for food and beverages, as well as products that serve the pharmaceutical, nutraceutical, cosmetic, and personal care industries. Sensient’s customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
Endemix is a vertically integrated natural colors and extracts company. The company works with multinationals in Turkey and exports to customers throughout Europe, the Middle East, and Asia. Endemix focuses on providing customized natural coloring solutions to its customers. The company’s production, research and development, and administrative offices are located near Istanbul, Turkey.
What did Sensient Technologies announce on October 4, 2022?
Sensient Technologies announced the acquisition of Endemix Doğal Maddeler A.Ş., a natural colors and extracts company based in Turkey.
What is the strategic importance of acquiring Endemix for Sensient?
The acquisition strengthens Sensient's vertical integration and enhances its capabilities in natural color solutions, positioning the company closer to key botanical growing areas.
How does the acquisition of Endemix impact Sensient's product offerings?
It increases Sensient's extraction and refining capacity, which enhances its natural color solutions portfolio.
What markets does Endemix serve?
Endemix services the food and beverage markets and exports to Europe, the Middle East, and Asia.
