Exhibit 99.1
FOR
IMMEDIATE RELEASE
|
|
Dick
Hobbs
(414)
347-3898
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SENSIENT TECHNOLOGIES ACQUIRES
PARTNERS’ INTEREST IN LES COLORANTS WACKHERR DO
BRASIL
Transaction Strengthens Presence
in Rapidly Growing Market
MILWAUKEE,
October 19, 2011 – Sensient Technologies
Corporation (NYSE: SXT) today announced that it has reached
agreement to acquire its joint venture partners’ interest in
Les Colorants Wackherr do Brasil. The transaction is
expected to be completed before the end of the year and will give
Sensient full ownership of the cosmetic color and ingredients
company. The business is located in Sao Paulo, Brazil
and generates annual revenues of approximately $9.5
million. Terms of the deal were not
disclosed.
Les Colorants
Wackherr do Brasil supplies cosmetic ingredients for a range of
applications, including nail polish, mak