Log In | Become a Member | Contact Us


Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     Economics Update Webinar     SGIA Expo     Graph Expo     European Coverage     Production Inkjet Analysis

Sensient Technologies Acquires Industrial Dye Business of Crompton Colors

Tuesday, December 04, 2001

Press release from the issuing company

MILWAUKEE--Dec. 3, 2001--Sensient Technologies Corporation has acquired the industrial dye business of Crompton Colors, Incorporated from Crompton Corporation. The business is a producer of dyes for a variety of non-food applications. Crompton Colors, with revenues of approximately $40 million, manufactures technical dyes and colors for paper and printing applications, plastics, and a number of specialty markets, including dyes used in ink-jet inks. This is the second acquisition announced within the last month. Said Kenneth P. Manning, Chairman, President and CEO of Sensient Technologies, "Integrating Crompton Colors and Kimberly-Clark Printing Technology with our existing technical dye capabilities strengthens Sensient's position as a leading supplier of color products for several fast-growing markets around the world.'' The Crompton acquisition, combined with the Kimberly-Clark Printing Technology acquisition, will add at least $60 million in revenues to the Company in 2002. "Our strategy is paying off,'' said Ken Manning. "Our worldwide cost structure has been reduced by $20 million and our business is operating in several new markets. The outlook for 2002 is excellent.''

 

 

SHARE

Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved