DIC acquires Pacific Inks of New Zealand
All of Pacific Inks of New Zealand’s businesses have been acquired by Sun Chemical’s parent company DIC Group. In addition to its mother plant in Auckland, Pacific Inks has subsidiaries in Oceania, Asia and the UK.
The division of operations between the mother plant and regional mixing plants facilitates outstanding productivity. With a product line-up centred on packaging inks for corrugated board, Pacific Inks enjoys a favourable reputation for its environment-friendly waterbased flexo inks.
Demand for packaging inks remains firm in developed countries – reflecting rising living standards and the prevalence of individual packaging for many items – and is expected to grow in the Asia-Pacific region by about 10% annually for the foreseeable future.
This acquisition will enable DIC to add water-based flexo inks to its portfolio and strengthen its operations, particularly in the Asia-Pacific region where environmental awareness is increasing rapidly.
This, together with Pacific Inks’ proprietary Accubatch system and DIC’s extensive range of products and global network will position DIC to respond effectively to expanding demand for packaging inks. DIC forecasts this acquisition will add $2.5 billion to annual net sales by fiscal 2015. By rationalising existing facilities and plants newly acquired from Pacific Inks in the Asia-Pacific region, DIC will strive to further improve production efficiency.
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