Sensient expands cosmetics business
This article was originally published in The Rose Sheet
Executive Summary
Sensient Technologies acquires Cardre, Inc., a Plainfield, N.J.-based manufacturer of surface-treated pigments used in specialized cosmetic applications, for an undisclosed amount. Cardre ingredients act as colorants and improve product functionality, Sensient says. Firm also produces untreated pigments and ingredients for sunscreens. With sales of under $10 mil., Cardre will add incrementally to Sensient's $250 mil. synthetic and natural colors business for the food, cosmetics and pharmaceutical industries. Milwaukee firm's largest product group, flavors and fragrances, generated sales of $527 mil. in 2001...