DIC Corporation has announced that on 1st December 2011, wholly owned Singapore-based subsidiary DIC Asia Pacific reached an agreement with Pacific Inks of New Zealand, for the DIC Group to take over all of Pacific Inks businesses.

In addition to its mother plant in Auckland, New Zealand, Pacific Inks has subsidiaries in Oceania (Sydney, Melbourne and Adelaide, Australia), Asia (Singapore, Malaysia and the People’s Republic of China) and the UK.

Pacific Inks’ product portfolio includes environmentally friendly water-based flexo inks. The demand for packaging inks remains firm in developed countries, reflecting rising living standards and the prevalence of individual packaging for many items. In the Asia–Pacific region, it is expected to grow by approximately 10% annually for the foreseeable future.