Sensient Technologies Acquires Mazza Innovation
MILWAUKEE (PRWEB) July 13, 2018 -- Sensient Technologies (NYSE: SXT), today announced that it has acquired Vancouver-based Mazza Innovation Limited, a global leader in botanical extraction technology.
The addition of Mazza Innovation is a major step in the evolution of Sensient’s “seed to shelf” strategy to innovate across the value chain for natural and organic ingredients. Mazza’s patented solvent-free clean extraction technology expands current extraction capabilities to deliver pure and clean color, flavor, functional nutraceutical, and skin care ingredients. The acquisition will leverage Sensient’s robust agronomy and sustainable sourcing programs for plant materials as well as the Company’s strong extract refinement and application expertise.
“I am excited about both the immediate and longer term possibilities for our R&D efforts,” said Mike Geraghty, President of Sensient Colors LLC. “Many of the botanical color sources used today require chemical solvents or high temperatures to be effective. This patented extraction technology represents a major step change. It is cleaner, more efficient, and delivers on the need for clean-label flavor extracts, natural colors, coloring foods, functional extracts, and skin-care ingredients.”
Originally developed by Dr. Giuseppe (Joe) Mazza, a longtime researcher with Agriculture and Agri-Food Canada, Mazza recognized that the unique extraction technology would address the growing demand for clean and pure ingredients.
“The future is bright for simple, close-to-nature ingredients, with natural botanical extracts chief among them,” said Jeremy Thompson, Global Head of Strategy & Innovation, for Sensient Flavors & Fragrances. “This exciting acquisition is an investment into a future where simplicity is key in manufacturing the natural foods and beverages consumers demand. Mazza’s novel technology enables valuable components of plant materials to be targeted and gently removed simply using water. It complements well Sensient’s already extensive capability in solvent free extraction and adds to our broad range of botanical flavor extracts under the Sensient Natural Origins® brand.”
For more information, please contact Jeremy Thompson at 847-645-7356 or Jeremy.Thompson(at)sensient.com.
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.
http://www.sensient.com
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David Rigg, Sensient, http://www.sensientpharma.com/, +1 314-616-4667, [email protected]
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