M&A Deal Summary

Sensient Technologies Acquires Formulabs

On November 16, 2001, Sensient Technologies acquired chemicals company Formulabs from Kimberly-Clark

Acquisition Highlights
  • This is Sensient Technologies’ 6th transaction in the Chemicals sector.
  • This is Sensient Technologies’ 4th transaction in the United States.
  • This is Sensient Technologies’ 1st transaction in California.

M&A Deal Summary

Date 2001-11-16
Target Formulabs
Sector Chemicals
Buyer(s) Sensient Technologies
Sellers(s) Kimberly-Clark
Deal Type Divestiture

Target

Formulabs

Escondido, California, United States
Formulabs, Inc., is a manufacturer of specialty inks for inkjet and industrial applications.

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Buyer(S) 1

Buyer

Sensient Technologies

Milwaukee, Wisconsin, United States

Category Company
Founded 1882
Sector Chemicals
Employees4,014
Revenue 1.6B USD (2024)
DESCRIPTION
Entrance to Sensient's corporate headquarters in downtown Milwaukee, Wisconsin.
Entrance to Sensient's corporate headquarters in downtown Milwaukee, Wisconsin.

Sensient Technologies is a manufacturer and marketer of colors, flavors and fragrances. Sensient Technologies was founded in 1882 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 8 of 20
Sector: Chemicals M&A 6 of 13
Type: Divestiture M&A Deals 2 of 3
State: California M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2001 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-03 Crompton Colors

Gibraltar, Pennsylvania, United States

Crompton Colors, Inc., manufactures technical dyes and colors for paper and printing applications, plastics and a number of specialty markets, including inkjet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-08 SynTec

Wolfen, Germany

SynTec GmbH is a manufacturer of specialty dyes and chemicals for the imaging industry, which are used in organic light-emitting diodes (OLEDs). Syntec opens the door to technologies like electrophotography and organic light-emitting diodes, or OLEDs, which should succeed plasma screens as the fourth generation technology for TVs and active visual displays.

Buy -

Seller(S) 1

SELLER

Kimberly-Clark

Dallas, Texas, United States

Category Company
Founded 1872
Sector Consumer Products
Employees38,000
Revenue 20.1B USD (2024)
DESCRIPTION
Kimberly-Clark's corporate headquarters in Dallas, Texas.
Kimberly-Clark's corporate headquarters in Dallas, Texas.

Kimberly-Clark is a multinational consumer goods company specializing in a wide range of products and services in the personal care, hygiene, and professional sectors. With a diverse portfolio of well-known brands, they offer a variety of essential products that enhance comfort, cleanliness, and convenience in daily life. Kimberly-Clark was founded in 1872 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 4
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
State: California M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-17 Safeskin

San Diego, California, United States

Safeskin Corporation a manufacturer of powder-free exam gloves. The company, based in San Diego, produces gloves at its manufacturing facilities in Southeast Asia using proprietary formulations and processes.

Buy $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-06 Klucze

Klucze, Poland

The Klucze business manufactures bathroom and facial tissue under its VELVET® brand and feminine care products under the SUBTELLE® brand.

Buy -