PRESS RELEASE
Contact(s):
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| Christopher Morrissey
Sun Chemical
Phone: 708-236-3533
chris.morrissey@na.sunchem.com |
Ed Faulkner
The Colors Group
Phone: 1-800-543-2323 ext. 486
ed.faulkner@na.sunchem.com |
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Sun Chemical Sells Its Fluorescent Pigment Business to Day-Glo Color Corp. of Cleveland, Ohio
Cincinnati, OH
- July 02, 2002 -- Sun Chemical Corporation, the world's leading manufacturer of printing inks and organic pigments, has announced the sale of its fluorescent pigment business unit to Day-Glo Color Corp. of Cleveland, Ohio for an undisclosed sum. Day-Glo Color Corp. is the world leader in fluorescent color.
The sale is a move to focus on Sun Chemical's core competencies in high performance organic pigments, according to Robert Walsh, Sun Chemical Senior Vice President and Chief Operating Officer, The Colors Group.
Sun Chemical and Day-Glo Color Corp. have agreed to build inventory levels to ensure uninterrupted supply to customers and to utilize Sun Chemical's Skokie, Illinois factory as a transition plant. In addition, during the month of July, Sun Chemical will continue to process orders, shipments and invoices. Products shipped via Skokie beginning July 1, 2002 will have both a Sun Chemical and a Day-Glo Color Corp. label. Material Safety Data Sheets (MSDS) will be generated by Day-Glo Color Corp. commencing July 1, 2002.
About Sun Chemical
Sun Chemical, the world's largest producer of printing inks and pigments, is a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. With annual sales of more than $3 billion, Sun Chemical has over 12,500 employees supporting customers around the world. The Sun Chemical Group of companies includes such well-known names as Vivitek, Coates Lorilleux, Gibbon, Hartmann, Kohl & Madden, Swale, Usher-Walker and US Ink. 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 United States of America and Sun Chemical Limited in England are subsidiaries of Sun Chemical Group B.V., the Netherlands. Sun Chemical has headquarters in Fort Lee, New Jersey, U.S.A.; Watford, England; and Weesp, the Netherlands. For more information, please visit our Web site at www.sunchemical.com.
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