10.10.05
Sun Chemical has announced its intent to acquire the assets of ÇBS Printas, the printing ink business of ÇBS Holding, a publicly-traded company in Turkey. The announcement was made at Drupa 2004.
ÇBS Printas is a leading supplier of paste inks used for publication and commercial printing in Turkey and other countries in the Middle East and Balkan areas. ÇBS Holding is also one of Turkey’s largest suppliers of decorative paints and automotive paints, according to Alì Çavusoglu, chairman of the group. Sun Chemical already is an ink supplier in the region through its Coates Lorilleux division, primarily in the area of liquid inks for packaging.
Upon completion of the transaction, the company will be known as Sun Chemical Printas. Among major customers of ÇBS Printas are Hurriyet and Sabah, Turkey’s two largest newspapers. It is based in Gebze-Kocaeli, just outside Istanbul.
“Turkey and the Middle East represent a growing market for high-quality printing,” said Wes Lucas, chairman, president and CEO of Sun Chemical. “This acquisition will help Sun Chemical expand in this important region and allow us to offer printers the best inks while providing global perspective and local service.”
“We are happy to work with Sun Chemical, and believe this sale will give our customers access to the technology of the ink industry’s leading supplier, helping the Turkish printing industry to grow even further,” Mr. Çavusoglu said.
ÇBS Printas is a leading supplier of paste inks used for publication and commercial printing in Turkey and other countries in the Middle East and Balkan areas. ÇBS Holding is also one of Turkey’s largest suppliers of decorative paints and automotive paints, according to Alì Çavusoglu, chairman of the group. Sun Chemical already is an ink supplier in the region through its Coates Lorilleux division, primarily in the area of liquid inks for packaging.
Upon completion of the transaction, the company will be known as Sun Chemical Printas. Among major customers of ÇBS Printas are Hurriyet and Sabah, Turkey’s two largest newspapers. It is based in Gebze-Kocaeli, just outside Istanbul.
“Turkey and the Middle East represent a growing market for high-quality printing,” said Wes Lucas, chairman, president and CEO of Sun Chemical. “This acquisition will help Sun Chemical expand in this important region and allow us to offer printers the best inks while providing global perspective and local service.”
“We are happy to work with Sun Chemical, and believe this sale will give our customers access to the technology of the ink industry’s leading supplier, helping the Turkish printing industry to grow even further,” Mr. Çavusoglu said.