April 8, 2016

Sun Chemical Acquires the Flexo Inks Business of Canada’s Colmar Inks

―Acquisition will allow the DIC Group company to strengthen its position as a manufacturer of liquid inks for packaging in the Canadian market―

DIC today announced that wholly owned subsidiary Sun Chemical Corporation completed acquisition in late February 2016 of the flexo inks business of Colmar Inks Corporation of Ontario, Canada, for an undisclosed amount. The two parties had previously entered into a definitive agreement regarding the acquisition. Colmar is involved in the manufacture and sale of liquid inks, coatings and other products and is one of Canada’s leading manufacturers of flexo inks for the corrugated box market.

Flexographic printing and gravure printing are mainstays of the packaging materials market. Although costly, gravure printing, which involves etching the images to be printed into the surface of a metal cylinder, delivers outstanding precision and is thus suited to high-volume printing. Nonetheless, comparatively lower costs—owing to the prevalence of resin printing plates—and the popularity of environment-friendly water-based inks have made flexographic printing the process of choice in the Americas and Europe.

The DIC Group currently enjoys a significant share of the global market for flexo inks. The new acquisition will allow Sun Chemical to further strengthen its position as a leading supplier of lithographic inks, flexo inks, gravure inks and coatings in Canada.

Under its current medium-term management plan, DIC108, launched in January 2016, the DIC Group will strive to leverage its flexo inks technologies in North America and Europe to expand sales in fast-growing markets such as the People’s Republic of China, India and the Asia–Pacific region, where environmental concerns continue to fuel interest in these products. The Group will continue working as one to implement regional and product-specific strategies with the aim of boosting its share of key markets for packaging inks, a business that it expects to drive growth in the years ahead.

 

 

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