Live In Play

Live In Play®

Updated: 23-Nov-20 11:02 ET

SXT: Sensient agrees to sell its fragrances business to Symrise AG; terms not disclosed (72.23 +1.57)

As part of the transaction, Symrise will be acquiring Sensient's aroma chemical and fragrance compound production facility and headquarters in Granada, Spain. The company expects the transaction to be finalized in the first half of 2021.
Sensient previously announced the divestiture of its inks, yogurt fruit preparations, and fragrances businesses. The company completed the divestiture of the inks and yogurt fruit preparation businesses earlier this year. Upon completion of the sale of the fragrances business, Sensient will operate with a more focused portfolio of food and pharmaceutical colors, personal care, flavors, extracts and flavor ingredients, and natural ingredients for the food, pharmaceutical, and personal care markets.