MILWAUKEE--Nov. 19, 2001--Sensient Technologies, Inc. today announced that it has acquired Kimberly-Clark Printing Technology, Inc., an Escondido, Calif.-based manufacturer of specialty inks for ink-jet and industrial applications. The company, a wholly owned Kimberly-Clark subsidiary with revenues of approximately $20 million last year, markets products under the Formulabs brand.
"This acquisition adds new products and markets for our fast-growing line of technical colors,'' said Kenneth P. Manning, Chairman, President and CEO of Sensient Technologies. "The transaction fits our strategy to accelerate our expansion into non-food categories with advanced technologies and higher margins.''
Kimberly-Clark Printing Technology, Inc., is a leading supplier of inks for ink-jet and industrial applications. The company's product lines open several new markets for Sensient Technologies, including wide-format graphic inks, textile inks, and other industrial inks. The transaction also enhances Sensient's ink formulation and technical dye capabilities, complementing the company's extensive ink-jet inks product line.
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