Sensient to Sell Its Digital Ink Business
Sensient Technologies Corporation announced that it has entered into a definitive agreement to sell 100% of its shares of Sensient Imaging Technologies and certain other assets related to the production of inks to Sun Chemical and its parent company, DIC Corporation.
The transaction is expected to be finalized in the second quarter of 2020. Sensient Imaging Technologies S.A. has built a trusted brand that delivers innovative digital technology to its customers, setting the standard for digital inkjet printing. As a supplier of digital inks, Sensient has a reputation for high quality solutions that add value to customers around the world. Sensient’s experience in water-based solutions has resulted in innovations for a number of industrial markets and the ability to align these developments with Sun will further strengthen this proposition.
“As announced last year, the sale of the inkjet ink business will strengthen our focus on our core businesses,” said Paul Manning, Sensient’s Chairman, President, and Chief Executive Officer. “We are pleased that we can transition the business to a buyer that is committed to the industry. Our service and quality commitments to our customers will be maintained, and we will work to ensure a seamless transition.”
The strategic investment in Sensient Imaging Technologies, a supplier of digital inks, will allow Sun Chemical and DIC to expand its inkjet ink capabilities and expertise using complementary technologies that will further strengthen the highest standards of services and solutions to its customers and distributor partners. Inkjet is a strategic segment for Sun Chemical and DIC, and the investment in Sensient Imaging Technologies will demonstrate Sun Chemical and DIC’s commitment in the digital segment.
“We’re excited for the opportunities this acquisition presents not only for Sun Chemical but the future of digital inks,” said Mehran Yazdani, President of Sun Chemical Advanced Materials. “Sensient Imaging Technologies’ portfolio and expertise in the industry, combined with our extensive background in industrial inkjet ink solutions, will enhance our combined customer support. Our customers rely on digital print’s agile supply chain and production flexibility, so they will value this acquisition because it will drive future innovation and expansion.”
Sun Chemical is dedicated to reinforcing Sensient Imaging Technologies’ reputation within the digital space and is committed to a customer-focused transition.
