DIC completes acquisition of BASF’s pigment business

DIC Corporation had resolved to acquire the shares and assets of BASF’s Colors and Effects business and to transform the business into a subsidiary and entered into a sales and purchase agreement.

DIC Corporation has acquired the shares and assets of BASF’s Colors and Effects business

DIC now expects to complete the closing of this transaction on June 30, 2021. The impact of the closing of this transaction is not reflected in DIC’s operating results forecasts for fiscal year 2021, published May 14, 2021. The company will reexamine its operating results forecasts once the closing is completed and promptly disclose any revisions.

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