DIC Corp has closed on the acquisition of BASF's global pigments business, known as BASF Colors & Effects (BCE). The acquisition brings together the complementary portfolio of technologies, products, manufacturing assets, supply chain and customer service of the two companies to serve customers globally. "We're excited to close our acquisition of BCE and expand our product offering as one of the leading pigment suppliers globally" said Kaoru Ino, president and CEO of DIC. "BASF's pigments portfolio is an important strategic addition in expeditiously meeting the goals we've outlined, which provide a clear growth path for DIC with the target to increase our sales to 1 trillion yen (approximately €8 billion) by 2025."
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