# 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.

- Type: Acquisition
- Announced: 2021-02-27
- Where: Bushy Park, South Carolina, United States
- Value: $1.40B
- Status: announced
- Products: pigments
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (target)
- [DIC Corporation](https://endata.com/companies/19672.md) (acquirer)
- [Sun Chemical](https://endata.com/companies/22104.md) (partner)

## Sources

- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/US-regulators-force-DIC-sell/99/i7), 2021-03-01: "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."

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