Sun Chemical and its parent company, DIC, have closed the acquisition of Benda-Lutz Werke GmbH, a leading manufacturer of metallic effect products based in Austria.
The acquisition allows Sun Chemical and DIC to purchase 100 percent of the shares, assets and business from Benda-Lutz and would expand its product portfolio in metallic effects. With the acquisition, Sun Chemical adds production facilities in Austria, Poland, Russia and the United States to accompany its aluminum pigment manufacturing site in China, forming the basis of a new global Metallics Business Unit as part of Sun Chemical’s Performance Pigments Division.
On June 1, 2012, Sun Chemical and DIC signed a definitive agreement to acquire Benda-Lutz. Terms of the deal were not disclosed.