Sensient sells digital inks business to Sun Chemical
June 4, 2020
Sensient Technologies Corporation agreed to sell its digital ink business to Sun Chemical and its parent company, DIC Corporation.
Sensient Technologies Corporation announced that it has entered into a definitive agreement to sell 100% of its shares of Sensient Imaging Technologies and certain other assets related to the production of inks to Sun Chemical and its parent company, DIC Corporation.
Sensient said that as a supplier of digital inks, Sensient has a reputation for high quality solutions that add value to customers around the world. Sensient’s experience in water-based solutions has resulted in innovations for a number of industrial markets and the ability to align these developments with Sun Chemical will further strengthen this proposition, the announcement said.
“As announced last year, the sale of the inkjet ink business will strengthen our focus on our core businesses,” said Paul Manning, Sensient’s Chairman, President, and Chief Executive Officer. “We are pleased that we can transition the business to a buyer that is committed to the industry. Our service and quality commitments to our customers will be maintained, and we will work to ensure a seamless transition.”
The transaction is expected to be finalized in the second quarter of 2020.
Categories : City News
