TenCate agrees to sell Xennia Technology Ltd
(Thomson Reuters ONE) -
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(at)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:
http://hugin.info/130798/R/1919931/687664.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Koninklijke Ten Cate NV via GlobeNewswire
[HUG#1919931]
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2015 - 17:30 Uhr
Sprache: Deutsch
News-ID 395460
Anzahl Zeichen: 3001
contact information:
Town:
Almelo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 171 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TenCate agrees to sell Xennia Technology Ltd"
steht unter der journalistisch-redaktionellen Verantwortung von
Koninklijke Ten Cate NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
