DIC Corp. has closed on the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE).
The purchase will broaden the portfolio of Sun Chemical, which is subsidiary of DIC, 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,” says Myron Petruch, DIC executive officer and president and CEO of Sun Chemical.
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.