Sun Chemical acquires Luminescence Holdings
Sun Chemical and its parent company, DIC Corporation, have acquired UK-based Luminescence Holdings.
Luminescence is a manufacturer of currency, tax stamp, passports, ID cards, secure documents and brand protection inks for the security market.
It is hoped that with this acquisition Sun Chemical will increase its market share in the $2.7 billion security ink market.
“Luminescence has a fantastic reputation in the security market for technology and service,” said 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.”