Sun Chemical and DIC Corporation Finalizes Acquisition of BASF’s Global Pigments Business

Published: June 30, 2021

Corporation has closed on 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.

“We’re excited to close our acquisition of BCE and expand our product offering as one of the leading pigment suppliers globally” said Kaoru Ino, president and chief executive officer, DIC. “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.”

The purchase 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.

“We’re pleased to welcome the valued and trusted expertise and engagement of BASF’s employees in the pigments business,” said Myron Petruch, DIC executive officer and president and CEO, Sun Chemical, a subsidiary of DIC Corporation. “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.”

“Due to the complementary regional footprint and product portfolio, the acquisition of BCE is ideal for the DIC pigments business,” said Yoshinari Akiyama, DIC managing executive officer and general manager, Color Material Products Division. “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.”

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.

For more information, visit https://www.sunchemical.com.