Sun Chemical & DIC Corporation Acquire BASF Colors & Effects

Sun Chemical, headquartered in the United States, and its parent company, DIC Corporation, a leading fine chemical manufacturer, have acquired BASF's worldwide pigments business, BASF Colors & Effects (BCE). The acquisition combines a complementary portfolio of technology, products, manufacturing assets, supply chain, and customer service to offer clients worldwide.

According to a press release, the acquisition will expand Sun Chemical's portfolio as a worldwide producer of pigments by establishing a world-class pigments supplier that provides clients an even more comprehensive range of flexible solutions.Between DIC and BCE, the company's pigment portfolio will include a wider variety of product categories such as effect pigments, inorganic pigments, organic pigments, specialty dyes, and pigment preparations.

Customers will benefit from the acquisition because it provides a once-in-a-lifetime opportunity to combine complementary knowledge and best practices to develop market-leading innovative solutions. As a company that aims for color and comfort, DIC thinks that by providing colors to society and life, it can help its customers.A transition team is already working to ensure that customers and staff have a seamless transition. DIC's legal counsel was White & Case LLP, while its financial adviser was Morgan Stanley.