2021 Sales: Approximately $1.4 billiona
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2021 Sales: Approximately $1.4 billiona
Another new addition to P&F+’s Leaders and Newsmakers issue, Sensient boasts strong overall growth, taste-enhancing technologies and notable acquisitions to the table.
With the addition of Flavor Solutions Inc., Sensient plans to add new flavor solutions and technology to its portfolio, providing extended shelf life and tender meat products to customers.
Sensient also bolstered the company’s plant nutrition offerings with the launch of its BloomGenix portfolio, an eco-friendly, animal-free line of biostimulant ingredients derived from yeast and various plant sources. While continuing innovation, the group also kept its eye on strict food and ingredient safety standards, investing in the company’s Certasure program to identify and avoid risks in the food supply chain.
Sensient CEO, Paul Manning, takes the reigns for the company’s debut in the Leaders & Newsmakers issue speaking to the company’s year marked with strategic investments, overcoming supply chain struggles and commitment to customer relationships.
aSales report confirmed by Sensient.
Paul Manning
CEO, Sensient
A Remarkable Year
Sensient Technologies had another successful year. Overall, we delivered revenue growth of 9.1% over 2020, with the Flavors and Extracts segment revenue growing by 9.4%. We will continue our commitments to our customers as we navigate through continued inflation and supply chain challenges by:
• Being transparent and finding more ways to serve customers on all fronts, from formulating with distinct flavors and extracts to providing taste-enhancing technologies.
• Mitigating supply chain disruptions and delivering products on time for our customers.
• Bringing problem-solving technologies to the market.
• Continuing to invest in our workforce, which is crucial to our financial success and our pursuit of our sustainability goals.
While we always remain open to sensible acquisitions, the Flavors and Extracts group has made tremendous strides in using existing assets effectively and creating innovative solutions for our customers looking for the best taste.
One of the strategic investments we made in 2021 was acquiring Flavor Solutions Inc. (FSI), a flavors and technology company with an impressive portfolio of technologies and good customer access. As we integrate FSI into our business, I expect to see more ways to add value to our customers, including by extending end-use shelf life and preserving tenderness in meat products, key factors in exceeding the taste expectations of consumers.
For the full article, please check out the Perfumer & Flavorist+ July 2022 issue.
