MOSCOW (MRC) -- DIC Corp’s Sun Chemical subsidiary has acquired 100% of the shares of Italian adhesives and polymers manufacturer SAPICI for an undisclosed sum, said the Japanese chemicals company.
SAPICI, which stands for Societa Azionaria Per l’Industria Chimica Italiana, has two production sites in Italy: Cernusco sul Naviglio, Milan; and San Cipriano Po, Pavia. Sun Chemical has marketed SAPICI’s lamination adhesives portfolio under the Sun Chemical commercial brand name since 2017.
Access to SAPICI’s production technologies, in particular for ultra low monomer polyisocyanate (ULM), would give DIC a competitive edge in Europe's environment-conscious adhesives industry, it said in a statement.
"Markets for adhesives continues to expand around the world, with those in Europe and the Americas - which together represent half of the overall global market - in particular projected to see further growth as needs for environment-friendly products increase against a backdrop of rising concern for environmental impact and safety," DIC added.
As per MRC, SAPICI and the Chinese Wanhua Chemical Group have signed an agreement on a distribution and tolling cooperation for aliphatic polyisocyanates for the European, Middle Eastern and African (EMEA) markets. Under the agreement, Sapici will warehouse and distribute Wanhua’s polyisocyanates (HDI trimer and HDI biuret) portfolio throughout the EMEA region. In addition, Wanhua will have access to Sapici’s manufacturing capacities and technical resources.
Societa Azionaria Per l’Industria Chimica Italiana (SAPICI) was founded in Italy in 1936. The company offers very low monomer adhesives (less than 0.1%) and zero migration adhesives for flexible packaging, as well as polyisocyanates and prepolymers for coatings. SAPICI is one of the few companies capable of processing all types of isocyanates: TDI, MDI, HDI, IPDI, H12MDI, XDI.