On June 9, 2016, Kao Corporation (President and CEO: Michitaka Sawada) concluded an agreement to acquire the business of Chimigraf Holding, S.L. (Headquarters: Barcelona, Spain) through a Kao Group company in Europe.
Kao has been developing water-based pigment dispersions (pigment dispersing liquids) and ink to propose a new value in the inkjet ink market for industrial printing.
By further applying "pigment nano dispersion technology"*1 cultivated by Kao for years, in March this year Kao succeeded in developing the world's first water-based pigment inkjet ink*2 for printing on film materials used in flexible packaging.*3 With a VOC-free design*4 , the newly-developed ink allows for the supply of high-quality, environmental impact-reduced*5 printed materials.
Chimigraf Holding in Spain is engaged in developing, manufacturing and selling flexographic ink and inkjet ink for package printing. With a wide range of product lineups and versatile ink designing technologies, the company has developed its business centered in Europe, and is now promoting expansion of its sales channel to a global market. Currently, the company is focusing on developing inkjet ink, in particular, ink that is able to respond effectively to various printing applications.
By taking advantage of newly acquired technologies, manufacturing systems and sales networks from Chimigraf Holding in addition to its own technologies, Kao will provide global customers with its innovative products and services that can contribute to the mitigation of environmental impact.
Outline of Chimigraf Holding
• Company name: Chimigraf Holding, S.L.
• Established: 1970
• Location: Barcelona, Spain
• Business activities: Developing, manufacturing and selling of flexographic ink and inkjet ink
• Employees: Approximately 180 (total in the group)
The acquisition will be completed in April 2017.
About Kao Group
Kao Group provides its product lines in two business fields, consumer products used in daily life and chemical products to meet various needs of industry. Specifically, in the Chemical Business, Kao develops and provides globally such diversified products as fat and oil derivatives produced from natural fats and oils, surfactants, toners, toner binders and fragrances. Kao contributes to the enrichment of the lives of people, while meeting diverse needs in a wide range of global industries.