Sun Chemical Forms Joint Venture with Alliance Holding Company
April 10, 2017
Sun Chemical has formed a joint venture with Alliance Holding Company LTD, the parent company of Ink Products Company, Ltd. — a manufacturer of printing inks in the Arabian Peninsula. The joint venture, which will operate under the name Sun Chemical Saudi Arabia LTD, combines two ink suppliers to the packaging and publication market in the region.
“The Ink Products Company is a market leader of printing inks in the region, and our intention is to work together to build on the organization’s success by providing customers with high quality products, excellent service, and innovative solutions,” said Rudi Lenz, president and CEO of Sun Chemical.
Sun Chemical will own most the share in the new joint venture, and the transaction will be subject to closing conditions and regulatory approvals.