Sun Chemical and DIC Corporation Acquire BASF’s Global Pigments Business
Acquisition broadens Sun Chemical’s portfolio as a global manufacturer of pigments for plastics and several other markets.
Japan’s DIC Group, which includes subsidiary Sun Chemical, Parsippany, N.J., has finalized the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE). The acquisition brings together the complementary portfolio of technologies, products, manufacturing assets, supply chain and customer service of the two companies to serve customers globally. It will broaden Sun Chemical’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, inks, plastics and specialty applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions.
Said DIC’s president and CEO Kaoru Ino, “We’re excited to close our acquisition of BCE and expand our product offering as one of the leading pigment suppliers globally. 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 1 trillion yen (approximately €8 billion) by 2025.”
Said Myron Petruch, DIC executive officer and president and CEO of Sun Chemical, “We’re pleased to welcome the valued and trusted expertise and engagement of BASF’s employees in the pigments business. This deal allows us to compete in the global marketplace more effectively going forward, while strengthening our pigment footprint in Europe. It underscores our commitment to delivering solutions tailored to meet the needs of our customers.”
Customers reportedly will benefit as the acquisition offers a unique opportunity to combine complementary expertise and best practices to develop ground-breaking innovative solutions for the marketplace.
With over 30 pigment production facilities worldwide between DIC and BCE, the company’s pigment portfolio will offer broader product categories related to effect pigments, inorganic pigments, organic pigments, specialty dyes, and pigment preparations.
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