DIC to acquire BASF pigment business for $1.4B, forced to sell US plant

Japan's DIC will acquire BASF's pigment business for $1.4 billion, announced in August 2019. To gain US FTC approval, DIC will sell its Sun Chemical-operated pigment plant in Bushy Park, South Carolina, incurring an $83 million loss.

“To gain approval from the US Federal Trade Commission for its $1.4 billion acquisition of BASF’s pigment business, announced in August 2019, Japan’s DIC will sell its pigment plant in Bushy Park, South Carolina.”cen.acs.org

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• cen.acs.orgUS regulators force DIC to sell US plant to buy BASF pigment businessCraig BettenhausenMar 1, 2021

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