Sun Chemical and its parent company, DIC Corporation, have acquired Gwent Electronic Materials Ltd., a manufacturer of conductive inks, pastes and powders for the printed electronic market.
With the acquisition of the United Kingdom-based company, Sun Chemical states Gwent’s European-based production sites will enhance Sun Chemical’s global conductive ink, paste and powder manufacturing capabilities while allowing further penetration into developing markets.
Gwent Electronic Materials was founded in 1988. Its products are manufactured directly for individual customers and are tailored to suit specific processes of manufacturing plants. Sun Chemical explains Gwent Electronic Materials’ strengths include being a major world supplier of pastes and other ancillary materials for the bio-sensor and biotechnology markets. Additionally, other major targets are automotive and display products.
“The addition of Gwent’s diverse advanced electronic materials and tailor-made technologies will further expand Sun Chemical and DIC’s solutions portfolio for printed electronics globally,” said Mehran Yazdani, President of Sun Chemical Advanced Materials. “Sun Chemical has experienced tremendous growth in the global printed electronics market and this acquisition will help us expand into this strategic market and enable us to better serve our customers.”
Headquartered in Parsippany, New Jersey, Sun Chemical is a producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than US$7.5 billion and over 20,000 employees around the world.
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