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DIC India to Sell Entire Stake in DIC Coatings India to Valspar

The Valspar (Singapore) Corporation Pte. acquires subsidiary

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By: DAVID SAVASTANO

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

According to published reports, DIC India has executed a share purchase agreement to sell its entire stake in its wholly-owned unlisted subsidiary, DIC Coatings India to The Valspar (Singapore) Corporation Pte.

DIC, along with its subsidiaries, which includes Sun Chemical, is the world leaders in printing inks with a global market share of nearly 40 percent. DIC also has a strong presence in printers’ supplies, machinery, pigments and reprographic products.

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