Sun Chemical and its parent company, DIC Corporation, have entered into a definitive agreement to acquire 100 percent of the shares of Sensient Imaging Technologies, and certain other assets related to the production of inks.
Sensient Technologies Corporation is a global manufacturer and marketer of colours, flavours, and other speciality ingredients. The division, Sensient Imaging Technologies, is a supplier of digital inks for various markets, including packaging. Here it has products suitable for carton, corrugated and can digital package printing, as well as products suitable for food and pharmaceutical applications.
The acquisition is viewed as a strategic one by Sun Chemical and DIC Corporation, expanding its inkjet ink capabilities and expertise using complementary technologies that will further strengthen the ‘highest standards of services and solutions’ to its customers and distributor partners.
Inkjet is identified a strategic segment for Sun Chemical and DIC, and the investment in Sensient Imaging Technologies demonstrates Sun Chemical and DIC’s commitment in the digital segment, as Mehran Yazdani, president of Sun Chemical Advanced Materials, explained.
‘We’re excited for the opportunities this acquisition presents not only for Sun Chemical but the future of digital inks. Sensient Imaging Technologies’ portfolio and expertise in the industry, combined with our extensive background in industrial inkjet ink solutions, will enhance our combined customer support.’
Sun Chemical is dedicated to reinforcing Sensient Imaging Technologies’ reputation within the digital space and is committed to a customer-focused transition.
Mr Yazdani continued, ‘Our customers rely on digital print’s agile supply chain and production flexibility, so they will value this acquisition because it will drive future innovation and expansion.’
Paul Manning, Sensient’s chairman, president and CEO, commented, ‘We are pleased that we can transition the business to a buyer that is committed to the industry. Our service and quality commitments to our customers will be maintained, and we will work to ensure a seamless transition.’
The transaction is expected to be finalised in the second quarter of 2020.
