David Savastano, Editor06.24.21
In the last few weeks, we saw two huge announcements regarding the pigment industry. First, DIC Corporation, parent company of Sun Chemical, expects its acquisition of BASF Colors & Effects to be completed by June 30, 2021. The acquisition was first announced back in 2019; the purchase price was €1.15 billion $1.34 billion). DIC reported that BASF Colors & Effects sales were approximately €1 billion ($1.2 billion) in 2018, with a corresponding EBIDTA of €120 million. At the time of the merger, BASF Colors & Effects had 11 facilities and 2,600 employees.
The second announcement was that Heubach Group, in partnership with SK Capital, had acquired acquire Clariant’s Pigments Business. The combined business will operate under the Heubach name, creating a global pigments leader generating more than €900 million ($1.09 billion) in annual sales. Closing of the transaction is subject to customary conditions and approvals and is expected to take place in t
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