Japanese chemical company, DIC Corporation, which owns Sun Chemical, purchases the high-purity iron oxide US-based producer, Cathay Industries.
Located in Valparaiso, Indiana, the acquisition includes all of Cathay Industries’ customers, property and business-related assets.
Sun Chemical is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid and solid compounds, and application materials.
“This acquisition further demonstrates Sun Chemical and DIC’s commitment to being the leading and most innovative colour and effects supplier to the global cosmetics market,” highlighted Myron Petruch, DIC executive officer and president of Sun Chemical Performance Pigments.
Commenting on the company’s strategic approach, Petruch added: “The demand for the unique, ultra high-purity products produced at this site will continue to grow rapidly across the globe, as the cosmetics industry continues to tighten specifications and implement new regulations to ensure the highest purity raw materials in all of their products.”
Sustainability is high on the agenda as it moves in this new direction, with Sun Chemical and DIC’s ultra high-purity iron oxides receiving certification from COSMOS (Cosmetic Organic Standard).
The company is strengthening its value proposition by promoting its high growth speciality product lines and markets that provide high value to it target audience base.
Sun Chemical is actively promoting monobloc, three-piece aerosol cans and UV inks for aerosols printing. The company’s specialised ink solutions have a multitude of industrial applications ranging from providing print standardisation and special effects, to brand colour management and brand protection.
Complete with strong chemical properties, high quality and productivity, these products align with Sun Chemical’s strategic industry approach.
The brand’s MB Plus Series, a versatile ink series designed for monobloc aerosols, and the SunTrio range, for UV and conventional three-piece cans, form part of its product portfolio.
Details of the transaction were undisclosed.