In a bid to expand its position in the decorative color cosmetics marketplace, chemical supplier Sun Chemical and its parent company, DIC, have acquired Kingfisher Colours Limited, a privately-owned decorative cosmetics color manufacturer based in Reading, U.K.
The terms of the deal have not been disclosed.
“The addition of Kingfisher’s diverse, high quality product lines and specialized tailor-made products will further expand Sun Chemical’s cosmetics and personal care product offerings globally,” said Myron Petruch, president of Sun Chemical Performance Pigments. “Sun Chemical has experienced tremendous growth in the global cosmetics market and this acquisition will help us grow quickly into this strategic market and enable us to better serve our customers.”
In a statement, Sun Chemical said that James Ward, supply chain director at Sun Chemical Performance Pigments, will manage Kingfisher Colours and its integration into Sun Chemical’s existing global cosmetics business led by Bart Vanderbiest, global director, cosmetics.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, N.J.
