Product category:
Printing Ink, Chemicals and Pressroom Consumables
News Release from: Sun Chemical Europe
Edited by the Printingtalk Editorial
Team on 02 August 2006
Day International Acquires Sun's Blanket
Business
Sun Chemical has sold some assets of its Sun Graphic press blankets business to Day International, the blanket supplier.
Sun Chemical has sold some assets of its Sun Graphic press blankets business to Day International, the blanket supplier The asset purchase is subject to the satisfaction of the customary closing conditions and is expected to be effective from August 31
This article was originally published on Printingtalk on 23 Jun 2004 at 8.00am (UK)
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The two companies will also enter in to a distribution agreement for the sale of Sun Graphic blankets.
To help ensure continuity of product quality and supply, Day will begin manufacturing Sun Graphic blankets in its own facilities prior to Sun's operation closing.
Sun Chemical acquired Sun Graphic in 2004 as part of its purchase of press chemistry manufacturer Rycoline, which remains a member of the Sun Chemical North American Commercial Group.
Mark J Levin, president of the Sun Chemical North American Commercial Group, said: "After careful examination of business conditions, we concluded it would be best to divest this smaller portion of our business.
However, we were eager to find a partner like Day International that we could continue to work with us to supply a total printing service to our commercial printing customers." He added: "Day has agreed to continue to supply Sun Graphic blankets to Sun Chemical for the commercial sheet fed, packaging, cold set web (single wide) markets." He explained that Sun Chemical will close the Sun Graphic blanket manufacturing facility in Pompano Beach, Florida (USA) on August 31.
That decision was made due to the anticipated high investment costs necessary to meet regulations and boost operational efficiency at the site.
Dennis Wolters, Day International's president, remarked: "Even though Sun Chemical will close its blanket facility, this transaction will ensure long-term supply for Sun Graphic's blankets customers.
The combination of the Sun Graphic technology, Day's manufacturing capability and Sun and Day's distribution and service network will provide the customers with a continuing high level of quality, availability, and customer service.".
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