DIC Completes Acquisition of BASF Pigment Business

DIC Completes Acquisition of BASF Pigment Business

DIC Corporation has completed the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE).

“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 Kaoru Ino, President and Chief Executive Officer of DIC.

According to DIC, the purchase will broaden its subsidiary Sun Chemical’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, inks, plastics and speciality applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions.

“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,” said Myron Petruch, DIC Executive Officer and President and CEO of Sun Chemical.

“Closing this deal enables us to combine the technological capabilities of both companies so we continue to create new value and provide it to the market as the leading company in the pigment business,” said Yoshinari Akiyama, DIC Managing Executive Officer and General Manager of the Color Material Products Division.

Customers 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.

Related:

• Sun Chemical Highlights Suppliers in Substantiality Report

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