DIC, one of Japan's most diversified chemical companies, agreed to acquire BASF Colors and Effects, BASF’s global pigments business, for €1.15bn ($1.27bn). The acquisition will broaden DIC’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks, and specialty applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions. “Our acquisition of BASF Colors and Effects brings together complementary resources and expertise of two recognized leaders in innovation, product stewardship, regulatory leadership, application support, and manufacturing,” Kaoru Ino, DIC President and Chief Executive Officer. On December 7, 2020: EU antitrust regulators approved with conditions DIC's buy of BASF unit.