TenCate agrees to sell Xennia Technology Ltd
May 07 2015 - 11:30AM
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
For further information:
TenCate corporate
Gert Steens, investor relations
Telephone : +31 (0)546 544
977
Mobile
: +31 (0)6 21 59 74 11
E-mail
: ir@tencate.com
Internet :
www.tencate.com
Royal Ten Cate (TenCate) is a
multinational company which combines material technology and
chemical processes in the development and production of functional
materials with distinctive characteristics. TenCate products are
sold worldwide.
Systems and materials from TenCate come under four areas of
application: safety & protection, space & aerospace;
infrastructure and the environment; sport and recreation. TenCate
occupies leading positions in protective fabrics, composites for
space and aerospace, antiballistics, geosynthetics and synthetic
turf. TenCate is listed on Euronext Amsterdam (AMX).
Press release as PDF
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Ten Cate NV via Globenewswire
HUG#1919931
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