Chromaflo Technologies has announced the acquisition of Rolfes Colour Pigments International (RCPI) of South Africa. The acquisition of RCPI includes the liquid dispersion business and the pigment trading business. The purchase price has not been disclosed.
Sale of the RCPI Pigment Trading Division to Chemipol Solutions
In line with Chromaflo’s core focus and competence, and to best serve the customer base, Chromaflo completed the simultaneous sale of the RCPI pigment trading division to Chemipol Solutions (Pty) Limited. Chemipol is a well-known and respected raw material supplier to the South African market and is ideally placed to serve the pigment trading customers.
Expanding Footprint in South Africa and Sub-Saharan Africa
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The acquisition of RCPI generates exciting opportunities for our customers by expanding our product portfolio and our footprint in South Africa and sub-Saharan Africa. Selling the pigment trading portion of the business to Chemipol ensures continuity for the shared customer base” said John Dry, VP & managing director, Asia Pacific.
James Di Blasio, CEO of Chemipol, commented, “
We are extremely excited to have made the acquisition of the RCPI pigment trading business from Chromaflo. We are well placed to provide continuity to customers as well as offer more opportunities to them. We’ll be working hard to ensure customers priorities are well catered for.”
Source: Chromaflo