Sun Chemical recently bought SAPICI as part of its integrated supply strategy in the packaging market.
Italy-based SAPICI’s products include high-performance polyurethanes for coatings, flexible packaging, and industrial adhesives. Sun Chemical, which traces its roots to the early 1800s, says it will be adding capabilities to develop and produce unique polymers for its portfolio of inks, coatings, and lamination adhesives.
“The acquisition of SAPICI will transform Sun Chemical into an integrated player in the lamination adhesives market, directly owning assets, technologies, and resources to improve the product portfolio,” the company says in a new release.
Terms of the deal were not disclosed.
“SAPICI’s core competencies in the manufacturing of ultra-low monomer isocyanates-based solutions will allow Sun Chemical to further address both current and future trends in sustainability, compliance, food contact, health and safety—reinforcing our commitment to responsible care,” says Mehran Yazdani, Sun Chemical’s president of global packaging and advanced materials.