Transport costs, costs of pigments including titanium dioxide and petrochemical raw materials have continued to rise massively over the course of the year.
Proell develops custom-made chemical products for coating/decorating plastics and other materials, ink systems for IMD/FIM technology, and screen and pad inks.
Notes sales growth of 56% to €19.8 billion, with cash flows from operating activities of €2.5 billion, up €295 million over level of prior-year quarter.
Carey was given a patent on the world’s first one-part ready mixed metallic offset ink and created the first one-part flexo/gravure water based metallic ink.
The combined business will operate under the Heubach name, creating a global pigments leader generating more than €900 million ($1.09 billion) in annual sales.
Merger approved on condition that companies divest DIC's main manufacturing facility for pigments, per EVP Margrethe Vestager, in charge of competition policy.