Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 BASF Closes Divestiture of its Global Pigments Business - Ink World Magazine

What are you searching for?

Sign in
Industry News, Mergers and Acquisitions, Suppliers News

BASF Closes Divestiture of its Global Pigments Business

The purchase price on a cash and debt-free basis is €1.15 billion.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

]BASF closed the divestiture of its global pigments business to DIC following the fulfillment of clearance conditions. The purchase price on a cash and debt-free basis is €1.15 billion.

BASF and DIC had reached an agreement on the acquisition of BASF’s global pigments business with approximately 2,600 employees on Aug. 29, 2019. DIC is a Japanese company listed at the Tokyo Stock Exchange with about 20,000 employees globally. The company headquartered in Tokyo was founded in 1908, is active in more than 60 countries and generated sales of around 700 billion yen in 2020. This corresponds to about €5.8 billion. Under the slogan “Color & Comfort,” DIC is active in three segments: Packaging & Graphic, Color & Display and Functional Products. Color & Display includes a portfolio of pigments. 

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters