Industry News

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.

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