DIC completes acquisition Colmar’s flexo inks business in Canada

DIC completes acquisition of Colmar’s flexo inks business in Canada

11:42 AM, 11th April 2016
DIC completes acquisition of Colmar’s flexo inks business in Canada

PARSIPPANY, US: DIC Group said its wholly owned subsidiary Sun Chemical Corp has completed the acquisition of the flexo inks business of Colmar Inks Corp of Ontario, Canada. Colmar is involved in the manufacture and sale of liquid inks, coatings and other products and is one of Canada’s leading manufacturers of flexo inks for the corrugated box market.

Flexographic printing and gravure printing are mainstays of the packaging materials market. Although costly, gravure printing, which involves etching the images to be printed into the surface of a metal cylinder, delivers outstanding precision and is thus suited to high-volume printing. Nonetheless, comparatively lower costs—owing to the prevalence of resin printing plates—and the popularity of environment-friendly water-based inks have made flexographic printing the process of choice in the Americas and Europe.

The DIC Group currently enjoys a significant share of the global market for flexo inks. The new acquisition will allow Sun Chemical to further strengthen its position as a leading supplier of lithographic inks, flexo inks, gravure inks and coatings in Canada.

Under its current medium-term management plan, DIC108, launched in January 2016, the DIC Group will strive to leverage its flexo inks technologies in North America and Europe to expand sales in fast-growing markets such as China, India and the Asia–Pacific region, where environmental concerns continue to fuel interest in these products.

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