Sun Chemical acquires oxides business of Cathay Industries
Sun Chemical and its parent company, DIC Corporation, have acquired the high-purity iron oxides business of Cathay Industries, located in Valparaiso, Indiana, U.S.A. The purchase includes the customers, property and all assets related to the business located at the Valparaiso site.
The acquisition demonstrates the commitment of DIC and Sun Chemical to sustainability, as these ultra high-purity iron oxides are COSMOS (COSMetic Organic Standard) certified. Terms of the transaction were not disclosed.
About Sun Chemical
Sun Chemical, a member of the DIC group, is a producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than $7.5 billion and over 20,000 employees supporting customers around the world. Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A.
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