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Business

Sun Chemical completes global pigment purchase

Specialists in printing inks, coatings, and supplies for the industry, Sun Chemical which is a member of DIC Group, has finalised its acquisition of BASF’s global pigments business, BASF Colors & Effects (BCE).

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Sun Chemical, a member of the DIC group, has now joined with BASF Colors & Effects (BCE) for a wider portfolio of customer offerings

The acquisition means Sun Chemical will now have a wider range of solutions when supplying pigments for products such as cosmetics, plastics, and inks. The pigment categories the company will now be able to delve into include inorganic pigments, specialty dyes, and pigment preparations.

The deal brings together BASF and DIC’s portfolio of technologies, products, manufacturing assets, supply chain and customer service.

President and chief executive officer of DIC, Kaoru Ino says: “We’re excited to close our acquisition of BCE and expand our product offering as one of the leading pigment suppliers globally.

The investments of DIC proves its commitment to innovation and interest in the longer term success of the business.

“BASF’s pigments portfolio is an important strategic addition in expeditiously meeting the goals we’ve outlined, which provide a clear growth path for DIC with the target to increase our sales to €8bn [£6.84bn] by 2025.”

Dr. Alexander Haunschild, senior vice president and managing director of BCE agrees the purchase is fantastic for growth and evolution in the industry. He says "The investments of DIC proves its commitment to innovation and interest in the longer term success of the business. We’re excited to see BCE continue down a path of growth and success”.

If you have any news, email david@linkpublishing.co.uk or join in with the conversation on Twitter and LinkedIn.


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