Sun Chemical acquires East European ink seller

Sun Chemical has bought the outstanding shares in its joint venture with the Druckfarben Hellas Group. The two companies formed the venture in 2012 when the publication divisions of each company were merged together in the South Eastern Europe region to form five new legal entities named: Sun Chemical Publication Bulgaria, Sun Chemical Croatia, Sun Chemical Publication Greece, Sun Chemical Publication Romania and Sun Chemical Publication Serbia.

With annual sales over $30 million, these companies sell inks, coatings and consumables for publication, sheetfed, UV and screen graphics printers across Greece, Bulgaria, Cyprus, Romania, Serbia, Bosnia / Herzegovina, Montenegro, Croatia and Moldova.

Rudi Lenz, President and CEO of Sun Chemical, says that the management teams will remain in place, noting: “This acquisition reinforces Sun Chemical and DIC’s commitment to the growing South Eastern Europe market as these companies are the market leaders of printing inks and related products in a region where the economies are growing.”

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