Sun Chemical Acquires Rycoline
FORT LEE, NJ--June 16, 2004--Sun Chemical Corp., a leading manufacturer of printing inks and pigments, announced it has acquired 100 percent of the shares of Rycoline Inc. The acquisition is a further step in Sun Chemical's strategy to provide "total solutions" for the printing industry, according to Wes Lucas, chairman, president and CEO, Sun Chemical.
"The addition of Rycoline's product lines enhances our position as an industry leader, bringing the best technology to our customers around the world," Lucas says. "This acquisition also demonstrates Sun Chemical's strategic direction in creating a printer supply business and commitment to creating value for the customer by optimizing the combined performance of the ink, founts, blankets and wash for superior printing efficiency."
The Rycoline Incorporated Group of Companies produces a range of products under the Rycoline, Sun Graphic and Rogersol brands. This includes a complete line of fountain solutions, blanket and roller washes, silicone and silicone replacement products, overprint coatings, printing blankets and a complete line of miscellaneous products from aerosols to anti-static products. Rycoline's headquarters are located in Chicago, IL and it has production facilities in Chicago; Clifton, NJ; Atlanta, GA; Adelanto, CA; Fort Worth, TX and Pompano Beach, FL. The group's products are sold worldwide.
"We are excited about joining the Sun Chemical family of great brands," said Norm Nichol, Sun Chemical Vice President and Rycoline General Manager. "This is a great opportunity for us to increase our exposure as we become part of Sun Chemical's total solutions for its printing customers."
About Sun Chemical
With annual sales of more than $3 billion, Sun Chemical has over 12,500 employees supporting customers around the world. The Sun Chemical Group of companies includes such well-known names as Vivitek, Coates Lorilleux, Gibbon, Hartmann, Kohl & Madden, Swale, Usher-Walker and US Ink. In addition, Sun Chemical has many joint ventures, with the largest being its $1.5 billion Kodak Polychrome Graphics (KPG) joint venture with Eastman Kodak. KPG is a world leader in prepress products, services and equipment.