Sun Chemical has acquired the assets and business of Transitions Digital Graphics, a company based in Santa Barbara, California, US.
A member of the DIC group, Sun Chemical expects the acquisition to strengthen its position in electronic packaging with the addition of new solutions in point-of-sale advertising.
The company is engaged in the production of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials.
Transitions Digital Graphics develops changeable advertising signage and displays using invisible ink.
China-based Shenzhen Jinjia Group has raised CNY1.65bn ($248.74m) in a private placement of more than 188 million shares priced at CNY8.74 ($1.32) a share.
The company has engaged CITIC Securities as underwriter and Guangdong Zhirun as legal adviser for the transaction.
Shenzhen Jinjia Group was formerly known as Shenzhen Jinjia Color Printing Group and is engaged in the manufacture of cigarette packaging products and printing materials.