Sun Chemical and DIC Corp. acquire Gwent Electronic Materials Ltd.
By Canadian Packaging staffGeneral Printing DIC Group Gwent Electronic Materials Ltd. ink manufacturer acquisition Sun Chemical Sun Chemical Corporation Sun Chemical Group Coöperatief U.A.
Acquisition of UK-based ink manufacturer helps Sun Chemical expand its global reach.
PARSIPPANY, N.J.—Sun Chemical and its parent company, DIC, have acquired Gwent Electronic Materials Ltd., a leading manufacturer of conductive inks, pastes and powders for the printed electronic market.
With the acquisition of the U.K.-based company, Sun Chemical will expand its leading global position in the printed electronics marketplace. By combining Gwent’s complementary portfolio of products with Sun Chemical, customers will benefit from further innovative solutions for advanced printed electronics applications.
Gwent’s European-based production sites will also enhance Sun Chemical’s global conductive ink, paste and powder manufacturing capabilities while allowing further penetration into developing markets.
“The addition of Gwent’s diverse advanced electronic materials and tailor-made technologies will further expand Sun Chemical and DIC’s solutions portfolio for printed electronics globally,” says Sun Chemical Advanced Materials president Mehran Yazdani. “Sun Chemical has experienced tremendous growth in the global printed electronics market and this acquisition will help us expand into this strategic market and enable us to better serve our customers.”
About Sun Chemical
Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than $7.5 billion and over 20,000 employees supporting customers around the world.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S. For more information, visit www.sunchemical.com.
Image purchased via www.thinkstock.com.