Sun Chemical and parent company DIC Corporation have entered into a definitive agreement to acquire 100% of the shares of Sensient Imaging Technologies, a supplier of digital inks for various markets.
The acquisition is viewed as a strategic one by Sun Chemical, 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.
The investment in Sensient Imaging Technologies demonstrates Sun Chemical and DIC’s commitment to inkjet, 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.’
The transaction is expected to be finalised in the second quarter of 2020.
