DIC to Acquire BASF’s Global Pigments Business

DIC Corporation has entered into a definitive agreement to acquire BASF’s global pigments business, known as BASF Colors & Effects (BCE). The purchase price on a cash and debt-free basis is €1.15 billion

The acquisition will broaden DIC’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks and specialty applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions.

“We have outlined a clear growth path for DIC with the target to increase our sales to 1 trillion yen (approximately €8 billion) by 2025. In this context, BASF’s pigments portfolio is an important strategic addition in meeting our goals more expeditiously”.

With over 30 pigment production facilities worldwide between DIC and BCE, the company’s pigment portfolio will be able to offer broader product categories related to effect pigments, inorganic pigments, organic pigments, specialty dyes, and pigment preparations.

Link to article: http://www.dic-global.com/en/release/2019/20190829_02.html.