Sun Chemical Acquired Flexo Inks Business of Colmar Inks
Canada: Sun Chemical, a wholly owned
subsidiary of DIC Corp, has completed the acquisition of Flexo inks business of
Canada based Colmar Inks Corporation. Sun chemical is a global manufacturer and
distributor of printing inks, pigments, polymers and application materials, so
the acquisition of Colmar Inks would expand the product portfolio of printing
ink of the company. The acquired company, Colmar Inks, is involved in the production
and distribution of liquid inks and is one of the leading producers of Flexo
inks for the corrugated box market in Canada. The acquisition is a part of
company’s expansion strategy. DIC Group would attempt to leverage its Flexo
inks technologies in developed economies such as North America and Europe to
accelerate its sales in fast-growing markets such as China, India and rest of the
Asia–Pacific region, where growing environmental concerns and awareness are
expected to fuel interest in eco-friendly ink products.
TechSci
Research depicts that this
acquisition would strengthen the position of Sun Chemicals in global printing ink
industry. Sun Chemicals holds a significant share in global market for flexo inks and post-acquisition
the company would implement regional and product-specific strategies with the
goal to increase its share in key markets of packaging inks.
According
to the recent report published by TechSci
Research, “Global Pigments Market By Type, By Application,
Competition Forecast and Opportunities, 2011 – 2021”, the above discussed deal would have an
influence on the demand for pigments from printing ink industry. Global
pigments market size is estimated to cross $ 34 billion by 2021 and growth in
the market is anticipated on account of continuously increasing demand from
major end use industries, such as paints & coatings, printing inks,
construction, automotive, etc. Asia-Pacific accounted for the largest share in
the global pigments market in 2015 due to huge presence of paints &
coatings, plastics, construction and printing ink industries in the region.