CLEVELAND - Day-Glo Color Corp., Cleveland, has acquired the fluorescent pigment business unit of Sun Chemical Corp. in a transaction involving the transfer of inventory, equipment and intellectual property.
Day-Glo, a unit of RPM Inc., said the purchase includes Sun Chemical's SunBrite fluorescent-color product line, which will be added to Day-Glo's existing line. Sun Chemical said the sale reflects its plan to focus on its core high-performance organic pigments business.