Mazza Innovation Is Acquired By Sensient Technologies

Friday, July 20th, 2018 | 1072 Views

Mazza Innovation Ltd. is pleased to announce that it has been acquired by Sensient Technologies Corporation. The acquisition is effective immediately and terms of the acquisition have not been disclosed. Its plant extraction facility at the Delta, British Columbia headquarters location will remain in place.

“We’re very pleased to join Sensient Technologies—world leader in the production of colours, flavours and fragrances. 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 Mazza Innovation CEO Benjamin Lightburn.

Paul Manning, Chairman, President and CEO of Sensient Technologies, comments: “This acquisition is extremely significant for Sensient and our customers. The combination of our colour and flavour expertise and Mazza’s revolutionary technology will allow us to conduct extraction from natural plant sources using environmentally-friendly extraction methods,”

Support from a number of Canadian government programs and non-profit innovation associations was fundamental to proving out Mazza’s technology and subsequent rapid growth.

“We also want to thank the many government and innovation support programs that enabled us to develop and accelerate our commercialisation over the last few years—like the Governments of Canada and British Columbia, Agriculture Canada, NRC-IRAP, WD WINN and Natural Products Canada were invaluable to our company and other emerging firms,” adds Lightburn.

Shelley King, CEO of Natural Products Canada, said: “Mazza is a great example of Canadian innovation—turning a tremendous technology into business that has garnered international investment.”