Sensient Technologies
 | |
| Company type | Public |
|---|---|
| NYSE: SXT S&P 400 Component | |
| Industry | Colors, Flavors and Fragrance |
| Founded | 1882 |
| Headquarters | U.S. Bank Center Milwaukee, Wisconsin |
Key people | Paul Manning, CEO |
| Products | Colors, Flavors and Fragrances |
| Revenue | $ 1,468 million (2013) |
Number of employees | 3,986 worldwide |
| Website | www.sensient.com |
Sensient Technologies is a global manufacturer and marketer of colors, flavors and fragrances based in Milwaukee, Wisconsin. Their products are used to make a diverse variety of foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors. Sensient reported revenue of $1,468 million in 2013. Subdivisions include the Sensient Flavors & Fragrances Group and the Sensient Color Group. Within the Flavors & Fragrances Group is Sensient Natural Ingredients.
History
Sensient Technologies was founded in 1882 as Meadow Springs Distilling Company. In the late 19th century, the company changed its name to National Distilling Company. By 1919 the company was threatened by prohibition but by then it had created a business selling yeast under the Red Star Yeast brand. Accordingly, the company changed its name to Red Star Yeast and Products Company.
By the 1960s, the company had become a highly diversified food company and changed its name again to Universal Foods Corporation. In 1977 the company listed its stock on the New York Stock Exchange (SXT).
In 1984 Sensient acquired Warner-Jenkinson Co. (color applications). Together with some other acquisitions this developed into the cosmetic color division. This division is now called 'Sensient Cosmetic Technologies'.[1]
Kenneth P. Manning, Sensient Technologies' Chairman and CEO, joined the company in 1987 as Group Vice President. When Manning was named CEO of Universal Foods in 1996, he began steering the company in a new direction by building upon its strengths and knowledge in the areas of color and flavor, and accelerating its expansion by making strategic acquisitions. Since 1997, the corporation has acquired 20 companies.
In 2000 Universal Foods changed its name to Sensient Technologies Corporation.
Following this name change, Sensient sold Red Star Yeast in 2001. Sensient's acquisitions have dramatically strengthened its existing businesses and allowed it to enter new markets around the world. The acquisitions have provided the foundation for a transformed company whose focus is now on operations. Sensient is a specialty chemicals company that concentrates on core technologies and markets where it can add value.
Sensient Natural Ingredients received Non-GMO Project Verification for its California-grown garlic, onion and parsley in March 2016.[2]
Sensient is a member of the European Flavour Association.[3]
References
- ^ History of Sensient Cosmetics (accessed 2017-08-28).
- ^ "Sensient Natural Ingredients Earns Non-GMO Project Verification". Non-GMO Project. Non-GMO Project. 16 March 2016. Retrieved 27 March 2016.
- ^ "About EFFA". EFFA. Retrieved 3 March 2018.
- FrontFour Believes Real Change Is Needed At Sensient Technologies - New York Times
- FrontFour Expresses Serious Concerns Regarding Sensient Technologies' Director Elaine Wedral's Apparent Conflict Of Interest - New York Times
- Sensient Responds to FrontFour Statement - New York Times
- Sensient Technologies Corporation Announces New President of Flavors Business - New York Times
- Sensient Announces Preliminary Results of Annual Meeting - New York Times
- Sensient Technologies averts board takeover - Milwaukee Business Journal
External links
- Official site
- Company history at Funding Universe