In fiscal year 2019, DIC kicked off a new medium-term management plan, DIC111, which guides the Company’s aspirations to become a unique global company that is trusted by society by providing value via the promotion of initiatives in line with two key strategies. Effective today, all related procedures have been finalized and the acquisition has been completed. Since then, DIC Group (DIC Corporation and its 100% owned subsidiary Sun Chemical) and BASF have been working closely together to close this transaction.
The Company will reexamine its consolidated operating results forecasts in the near future and will promptly disclose any revisions.Īs announced in a press release published on August 29, 2019, DIC had reached an agreement with BASF regarding the acquisition of the BCE business, which involved related assets, including technologies, patents and goodwill not included in the share purchase, as well as the shares of 18 individual companies. TOKYO - DIC Corporation has closed on the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE).
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