PARSIPPANY, NJ—Sun Chemical and its parent company, DIC Corp, have acquired Luminescence Holdings Ltd, a manufacturer of currency, tax stamp, passports, ID cards, secure documents and brand protection inks for the security market.
With the acquisition of the U.K.-based company, Sun Chemical will increase its market share in the securities market. By combining Luminescence’s portfolio of products with Sun Chemical’s global reach, the acquisition creates a growth platform for Sun Chemical in the $2.7 billion security ink market, according to Sun Chemical.
“Luminescence has a fantastic reputation in the security market for technology and service,” said Felipe Mellado, chief marketing officer and board member. “Sun Chemical has the world’s largest research and development capabilities in the ink marketplace. What these two companies bring together is a truly exciting global supplier that will further strengthen our service to customers.”