Printing ink giant Sun Chemical of Parsippany, New Jersey, announces that it and its parent company, DIC Corp., acquired the UK-based Luminescence Holdings Ltd., a manufacturer of currency, tax stamp, passports, ID cards, secure documents and brand protection inks for the security market.
With the acquisition, Sun Chemical will increase its market share in the securities market. By combining Luminescence’s portfolio of products with Sun Chemical’s global reach, customers will benefit from a new truly global player. The acquisition creates an enormous growth platform for Sun Chemical in the $2.7 billion security ink market, according to the company.
“Luminescence has a fantastic reputation in the security market for technology and service,” says Felipe Mellado, chief marketing officer and board member. “Sun Chemical has the world’s largest research and development capabilities in the ink marketplace. What these two companies bring together is a truly exciting global supplier that will further strengthen our service to customers.”