# DIC acquires liquid inks for packaging business from Liaoning Tianqi Technology

DIC Corporation acquired the liquid inks for packaging business from Liaoning Tianqi Technology Co., Ltd. on May 1, 2020. The acquired business will be renamed DIC Graphics (Shenyang) Ltd. and is expected to increase DIC's production capacity for liquid inks in China by around 20%.

- Type: Acquisition
- Announced: 2020-05-07
- Where: Tieling, Liaoning Province, China
- Status: completed
- Capacity: increase in production capacity for liquid inks in the PRC by around 20%
- Products: liquid inks for packaging
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [DIC Corporation](https://endata.com/companies/19672.md)
- [DIC Corporation](https://endata.com/companies/19672.md) (acquirer)
- [Sun Chemical](https://endata.com/companies/22104.md) (acquirer)
- [Sensient Technologies](https://endata.com/companies/33106.md) (target)
- [Liaoning Tianqi Technology Co., Ltd.](https://endata.com/companies/47061.md) (target)

## Sources

- [dic-global.com](https://www.dic-global.com/ap/news/2020/ir/20200507095239.html), 2020-05-07: "DIC Corporation announced today that on May 1, 2020, it acquired a business from Lioaning Tianqi Technology Co., Ltd."
- [dic-global.com](https://www.dic-global.com/en/news/2020/ir/20200507095239.html), 2020-05-07: "DIC Corporation announced today that on May 1, 2020, it acquired a business from Lioaning Tianqi Technology Co., Ltd."
- [socma.org](https://www.socma.org/tag/socma-member-news/page/27/), 2020-06-02: "Sun Chemical and its parent company, DIC Corporation, have entered into a definitive agreement to acquire 100 percent of the shares of Sensient Imaging Technologies and certain other assets related to the production of inks."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.