Sector News

Sensient Technologies acquires Mazza Innovation

July 12, 2018
Consumer Packaged Goods

Sensient Technologies has acquired Mazza Innovation Ltd., Vancouver, B.C., a company that operates a plant extraction facility in Delta, B.C. Terms of the acquisition were not announced.

“This acquisition is extremely significant for Sensient and our customers,” said Paul Manning, chairman, president and chief executive officer. “The combination of our color and flavor expertise and Mazza’s revolutionary technology will allow us to conduct extraction from natural plant sources using environmentally friendly extraction methods — including water-only extractions — instead of traditional chemical solvents. This technology will enable us to work with leading food, cosmetics and nutraceutical brands to create cost effective, clean label products that deliver on consumer expectations for taste, color and functionality.”

The addition of Mazza is a part of Sensient’s “seed to shelf” strategy to innovate across the value chain for natural and organic ingredients, according to the company.

“The acquisition by Sensient provides Mazza with a large new customer base and a wide variety of new opportunities for our environmentally friendly extraction technology,” said Benjamin Lightburn, c.e.o. of Mazza Innovation. “It also provides a strong financial base for our rapid growth plans while also enabling our founders to benefit from their many years spent working to develop and commercialize this world-leading technology.”

Mazza calls the extraction technology it uses the PhytoClean Method. It is a water-based extraction process that concentrates bioactives by pressurizing water at moderate temperatures and increasing the water’s ability to solubilize bioactive compounds from botanical sources, according to the company.

By Keith Nunes

Source: Food Business News

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