Product category:
Printing Ink, Chemicals and Pressroom Consumables
News Release from: Sun Chemical Europe
Edited by the Printingtalk Editorial
Team on 24 June 2004
Turkish Ink Firm Acquisition To Help
Expansion
Sun Chemical has announced its intention to acquire the assets of CBS Printas, the printing inks business of CBS Holding, a publicly traded company in Turkey.
Sun Chemical has announced its intention to acquire the assets of CBS Printas, the printing inks business of CBS Holding, a publicly traded company in Turkey CBS Printas supplies paste inks used for publication and commercial printing in Turkey and other countries in the Middle East and Balkan areas
This article was originally published on Printingtalk on 23 Jun 2004 at 8.00am (UK)
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Sun Chemical, which is the world's largest manufacturer of printing inks, already is an ink supplier in the region through its Coates Lorilleux division, primarily in the area of liquid inks for packaging.
Upon completion of the transaction, the company will be known as Sun Chemical Printas.
Among major customers of CBS Printas, which is based in Gebze-Kocaeli, just outside Istanbul, are 'Hurriyet' and 'Sabah', Turkey's two largest newspapers.
"Turkey and the Middle East represent a growing market for high-quality printing.
This acquisition will help Sun Chemical expand in this important region and allow us to offer printers the best inks, while providing global perspective and local service," said Wes Lucas, chairman, president and chief executive officer of Sun Chemical.
Ali Cavusoglu, chairman of the CBS group said: "We are happy to work with Sun Chemical and believe this sale will give our customers access to the technology of the ink industry's leading supplier, helping the Turkish printing industry to grow even further.".
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