One thing companies with a long history (launched in 1882) such as Sensient Technologies (NYSE:SXT) have going for them is the proven ability to adapt to changing economic environments while continuing to grow.
Current Chief Executive Officer Kenneth P. Manning, who is retiring on February 1, 2014, is the latest head of the company to reinvent the company in the midst of changing market conditions.
When he became CEO, Sensient was a mostly producer of food products. Now it has been transformed into a sophisticated company with a technology base, which develops, produces, and markets a variety of colors, flavors, and fragrances in the food, beverage, cosmetic, pharmaceutical and inkjet industries, among others.
The company will continue to...