DIC acquires Pacific Inks

Sun Chemical’s parent company, DIC, has strengthened its packaging inks business in the Asia-Pacific region. The wholly owned Singapore-based subsidiary DIC Asia Pacific Pte has reached an agreement to take over all business of Pacific Ink Limited of New Zealand.

Headquartered in Auckland, New Zealand, Pacific Inks also has subsidiaries in Oceania, Asia and the United Kingdom. According to the company, the division of operations between the mother plant and the regional mixing plants facilitates outstanding productivity. With a product line-up centered on packaging inks for corrugated board, Pacific Inks has a good reputation for its environment-friendly water-based flexo inks.

The demand for packaging inks is expected to grow by approximately 10 percent annually in the Asia Pacific region. DIC said, ‘This acquisition will enable DIC to add water-based flexo inks to its portfolio and strengthen its operations, particularly in the Asia–Pacific region where environmental awareness is increasing rapidly. This, together with Pacific Inks’ proprietary Accubatch system and DIC’s own extensive range of products and global network, will position DIC to respond effectively to expanding demand for packaging inks.’

DIC expects this acquisition to add two and a half billion yen to annual net sales by fiscal 2015. By rationalizing existing facilities and plants acquired from Pacific Inks in the Asia Pacific region, DIC plans to further improve production efficiency.

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