Recently, it was announced that Colmar Inks Corporation and Sun Chemical have entered into a definitive agreement in which Sun Chemical would acquire specific assets and liabilities of the Ontario-based liquid inks and coatings company. Colmar produces these products for the paper and corrugated packaging market, and also makes special inks for the rod coatings market according to news reports.
By acquiring certain assets of Colmar Inks, Sun Chemicals will be able to strengthen the company’s market position as a top supplier of flexographic, gravure, and lithographic inks and coatings in Canada, where it also hopes the acquisition will work to expand Sun Chemicals’ customer base.
President of North American Inks, Sun Chemical, Charles Murray said that the company will work with Colmar to ensure a seamless transition, visiting every customer. Murray said Sun Chemical is excited about the opportunity, and that their most treasured asset is strong relationships with their customers.
Sun Chemical will acquire Colmar’s contracts, customer lists, and finished inventory; the deal is expected to close early this year.
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