Digital Magazine

Sun Chemical Announces Joint Venture

PARSIPPANY, NJ | Sun Chemical has formed a joint venture with Alliance Holding Company LTD (AHC), which is the parent company of Ink Products Company Ltd., a manufacturer of printing inks in the Arabian Peninsula. The joint venture will operate under the name Sun Chemical Saudi Arabia LTD.

“This partnership reinforces Sun Chemical’s commitment to the growing package printing markets across the Middle East,” says Rudi Lenz, president and CEO of Sun Chemical. “The Ink Products Company is a market leader of printing inks in the region, and our intention is to work together to build on the organization’s success by providing customers with high quality products, excellent service, and innovative solutions.”

“We are excited by the opportunities that joining Sun Chemical’s global organization will bring to our customers in the region,” says Abdullah Al Hobayb, president of Alliance Holding Company LTD. “Being able to tap into Sun Chemical’s global resources will bring many great options to our customers, and we’re pleased to join a company that shares our values of ‘working for you.’”

Sun Chemical will own the majority of the share in the new joint venture, and the transaction will be subject to closing conditions and regulatory approvals. AHC is a Saudi investment conglomerate with a diversified portfolio of companies in the retail and wholesale trading of electrical products and building materials.

AHC’s subsidiaries are engaged in the manufacturing and distribution of lighting products in Saudi Arabia (through a JV with Philips), Egypt, and Malaysia, as well as the manufacturing of industrial paintings and ink products in the Kingdom.

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