The deal aims to broaden Sun Chemical's portfolio as a global manufacturer of pigments.
July 6, 2021
Canadian Plastics
Japan’s DIC Corp., which includes the Sun Chemical subsidiary, has finalized the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE).
In a news release, Sun Chemical officials said the acquisition “will broaden [its] portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, inks, plastics and specialty applications”.
“This deal allows us to compete in the global marketplace more effectively going forward, while strengthening our pigment footprint in Europe,” said Myron Petruch, DIC executive officer and president and CEO of Sun Chemical. “It underscores our commitment to delivering solutions tailored to meet the needs of our customers.”