Sensient sells digital ink business to Sun Chemical parent company DIC

Digital ink supplier Sensient Technologies Corporation has entered into a definitive agreement to sell 100% of its shares of Sensient Imaging Technologies and certain other assets related to the production of inks to Sun Chemical and its parent company, DIC Corporation.

Sensient believes that its experience in water-based solutions has resulted in innovations for a number of industrial markets and the ability to align these developments with Sun Chemical will further strengthen this proposition.

“As announced last year, the sale of the inkjet ink business will strengthen our focus on our core businesses. We are pleased that we can transition the business to a buyer that is committed to the industry. Our service and quality commitments to our customers will be maintained, and we will work to ensure a seamless transition,” said Paul Manning, Sensient’s Chairman, President, and Chief Executive Officer.

The transaction is expected to be finalised in the second quarter of 2020.