Royal TenCate, a multinational firm that manufactures textile technologies, has sold the assets of Xennia Technology Ltd, an ink supplier for industrial digital inkjet processes, to Sensient Technologies Corporation, a leading global manufacturer and marketer of colours, flavours and fragrances.
A final closing of the envisaged transaction will be reached shortly.Royal TenCate, a multinational firm that manufactures textile technologies, has sold the assets of Xennia Technology Ltd, an ink supplier for#
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, the company said in a statement. (GK)
Fibre2fashion News Desk - India
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