DIC acquire Pacific Inks New Zealand

DIC to acquire Pacific Inks of New Zealand

2:33 AM, 28th December 2011
DIC to acquire Pacific Inks of New Zealand

 

TOKYO, JAPAN: DIC Corporation announced that on 1 December 2011, wholly owned Singapore-based subsidiary DIC Asia Pacific Pte Ltd reached an agreement with Pacific Inks Limited of New Zealand for the DIC Group to take over all of Pacific Inks businesses.

Demand for packaging inks remains firm in developed countries. In Asia Pacific region it is expected to grow by about 10 per cent annually in future. In recent years, DIC has addressed the need to fortify its capabilities in the packaging inks business as a principal strategic theme. 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 and global network, will position DIC to respond effectively to expanding demand for packaging inks.

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