Company: SXT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001140361-25-005084
Chunk: 1

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 1
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 of the world’s best-known brands.

The Company’s principal products include:

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                  flavors, flavor enhancers, ingredients, extracts, and bionutrients;

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                  essential oils;

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                  dehydrated vegetables and other food ingredients;

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                  natural and synthetic food and beverage colors;

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                  personal care colors and ingredients;

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                  pharmaceutical and nutraceutical colors, excipients, and ingredients; and

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                  technical colors, specialty colors, and specialty dyes and pigments.

        For 2024, the Company’s three reportable segments were the Flavors & Extracts Group and the Color Group, which are managed on a product line basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company’s corporate
        expenses, divestiture & other related income, share-based compensation, restructuring and other charges, including the Portfolio Optimization Plan costs, and certain other costs are included in the “Corporate & Other” category as described
        in this report. Financial information regarding the Company’s three reportable segments and the operations included within Corporate & Other is set forth in Note 12, Segment and Geographic Information,
        in the Notes to Consolidated Financial Statements included in this report.

Acquisitions

On October 3, 2022, the Company acquired Endemix Doğal Maddeler A.Ş. and Teknoloji Yatırımları ve Danışmanlık Sanayi ve Ticaret A.Ş. (collectively, Endemix), a
          natural colors business located in Turkey. The Company paid $23.3 million in cash for this acquisition, which is net of $1.3 million in debt assumed. This business is part of the Color segment.

          5

            Index

Divestitures

In 2022, the Company received $2.5 million of net cash related to the previously completed sale of its yogurt fruit preparations product line.

Flavors & Extracts Group

The Company is a global developer, manufacturer, and supplier of flavor systems for the food, beverage, and personal care industries. The Company’s flavor formulations are used in many of the world’s best-known consumer
          products. Under the unified brand names of Sensient Flavors and Sensient Natural Ingredients, the Group is a supplier to multinational and regional companies.

The Flavors & Extracts Group produces flavor, extract, and essential oil products that impart a desired taste