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Sensient Natural Ingredients history
Sensient Natural Ingredients company history timeline
In 1981, the company bought out one of its longstanding competitors, the Federal Yeast Company, solidifying its position as a major player in the yeast business.
By 1983, three of Universal's five divisions--cheese, beverages, and fermentation--were together accounting for about three-fourths of the company's sales, each providing about a quarter of the total.
1984: Universal swaps its soft-drink bottling business for Warner-Jenkinson Company, Inc., thereby gaining entry into the food color and flavor business.
In 1990 Universal got out of the cheese business, selling that division to INVUS Group, Ltd., a subsidiary of the Belgian firm R.T. Holding S.A. By that year, under chair and chief executive Guy Osborn, sales had reached over $873 million.
1990: Universal exits from the cheese business; British flavoring producer Felton International is acquired.
Also in 1991, Universal purchased the food, drug, and cosmetic color business of Morton International, Inc.
The color division made a particularly strong showing in 1992, emerging as the market leader among North American companies in that field.
Universal reported record sales in 1992, in spite of an off year for the frozen potato business as a potato glut led to depressed pricing.
By 1996 Universal Foods had elbowed its way onto the list of the top ten flavor and fragrance firms in the world.
Osborn continued as chairman only until April 1997 when Manning assumed that position as well.
Universal's Latin American food color operations were strengthened with the September 1997 acquisition of Pyosa, S.A. de C.V., a Mexican firm.
Also during 1998, Universal sued two former employees for allegedly posting defamatory comments about the company on Internet message boards.
In the first month of 2000, Universal spent $49.4 million to complete two more acquisitions of color companies.
In 2000, Universal Foods changed its name to Sensient Technologies to reflect its expanded focus.
Sensient next purchased SynTec GmbH in January 2002.
In September 2002 Sensient announced the acquisition of Cardre, Inc., a Plainfield, New Jersey, producer of specialty ingredients used in cosmetics applications and sunscreen products.
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Sensient Natural Ingredients competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First Choice Ingredients | - | $18.0M | 20 | - |
| WILD Flavors | 1994 | $180.0M | 2,500 | - |
| Sensient Technologies | 1882 | $1.6B | 3,986 | 63 |
| Flavor Producers | 1981 | $12.0M | 137 | - |
| Beyond Ingredients | 2014 | $96,000 | 4 | - |
| HP Hood | 1846 | $2.7B | 3,001 | 94 |
| Carolina Foods | 1934 | $111.8M | 425 | 1 |
| Garden Highway | 2003 | $47.0M | 350 | - |
| Litehouse Foods | 1963 | $254.0M | 200 | 115 |
| Prime-Line Products | 1978 | $1.0M | 25 | - |
Sensient Natural Ingredients history FAQs
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