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Sun Chemical Acquires Half Interest in AIC

Published on 2002-11-11. Author : SpecialChem

Sun Chemical Corporation, the world's leading manufacturer of printing inks and organic pigments, has acquired a 50% interest in Assemblage Intermoleculaire en Chimie Organique (AIC), a special effect pigments, additives and inks company based in Libourne, France.

AIC manufactures high performance additives that function as pigments in the security and specialty inks markets. Dr. David Hill, Sun Chemical's Chief Technology Officer, said, "AIC has a strong technology position and is poised to become the leading player in thermo-chromic and photo-chromic coatings systems. We expect our association with this emerging company to provide Sun Chemical with new and innovative technologies and products that will represent a key strategic opportunity for us."

Mr. Martin Cellérier, Director of Strategic Planning, Sun Chemical Europe Group, will lead the business for Sun Chemical. According to Mr. Cellérier, "We expect that AIC will help Sun Chemical to develop value added solutions for our customers in the area of brand and product protection, secure documents, currency and related segments of the market."

AIC was established to continue the commercialization of the AIMCO technology originally developed by Mr. Philippe Guillot, a respected and highly decorated French scientist working in the field of specialty materials. Mr. Guillot and his team will continue to support AIC, particularly in research and application development.

Ms. Mireille Devos, who has worked with Mr. Guillot since 1998, is the General Manager of AIC, and leads the company's business development activities. According to Ms. Devos, "The AIC tream is very excited to have the support of Sun Chemical, and we look forward to achieving the benefits of this new partnership."

About Sun Chemical - Sun Chemical is a leading specialty chemicals company with leadership positions in packaging, publications, coatings, and pigments. It is the world's largest producer of printing inks and performance pigments. Sun Chemical has over $3 billion in sales, supports customers in countries around the world, serves the industry with 13,000 people, and operates 300 facilities throughout North America, Europe, Latin America and the Caribbean. The Sun Chemical Group of companies includes such well-known names as Coates Lorilleux, Usher-Walker, Gibbon, Swale, Hartmann, Kohl & Madden, and US Ink. Sun Chemical has headquarters in Fort Lee, New Jersey, U.S.A.; Watford, England; and Weesp, the Netherlands. In addition, Sun Chemical has many joint ventures, with the largest being its $1.5 billion Kodak Polychrome Graphics (KPG) joint venture with Eastman Kodak. KPG is a world leader in prepress products, services, and equipment.

Sun Chemical Corporation in the U.S. and Sun Chemical Limited in England are subsidiaries of Sun Chemical Group B.V., the Netherlands. For more information about Sun Chemical, please visit our web site at http://www.sunchemical.com.

Source: Sun Chemical Corporation


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