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Sun Chemical completes acquisition
of Turkish printing inks company
Gebze Turkey
- November 15, 2004 -- Sun Chemical completed its acquisition of ÇBS Printas, the printing inks business of ÇBS Holding, a publicly-traded company in Turkey.
The company, now known as Sun Chemical Turkey, is a leading supplier of paste inks used for publication and commercial printing in Turkey and other countries in the Middle East and Balkan areas. Sun Chemical already supplies ink in the region through its Coates Lorilleux division, primarily in the area of liquid inks for packaging.
"Turkey and the Middle East represent a growing market for high-quality printing," said David Meldram, president Sun Chemical European Inks. "This acquisition will help Sun Chemical expand in this important region and allow us to offer printers the best inks, while providing global perspective and local service."
ÇBS Holding is also one of Turkey's largest suppliers of decorative paints and automotive paints, according to Alì Çavusoglu, Chairman of the group. "We are happy to work with Sun Chemical, and believe this sale will give our customers access to the technology of the ink industry's leading supplier, helping the Turkish printing industry to grow even further."
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 12,000 employees supporting customers around the world. The Sun Chemical Group of companies includes such well-known names as Coates Lorilleux, Gibbon, Hartmann, Kohl & Madden, Swale, Usher-Walker , Rycoline 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 U.S. 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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