Your April Newsletter is Now Available!

April 2023 Newsletter: See the Difference We Make

Check out this month’s issue to learn about what is happening at DCL:

• • DCL Corporation Completes Sale of Business to Blackstone
  • Pigment Violet 55: The Cleanest Violets in the Market
  • Join us at the Eastern Coatings Show!

DCL Corporation Completes Sale of Business to Blackstone:

Acquisition Takes DCL Businesses out of Chapter 11 and CCAA Restructuring Proceedings

We are pleased to announce that DCL has successfully closed the sale of its assets and businesses to Pigments Services Inc., a company owned and managed by Blackstone. The Company will continue to operate under its globally known brand name of DCL—but with some important changes for processing of orders, invoicing and payments as noted below in this memo.

The sale marks the operational exit of DCL out of its U.S. and Canadian restructuring proceedings, commenced in December 20, 2022, to facilitate the sale process and reduce the Company’s debt. Both the U.S. and Canadian courts previously approved the sale, which closed on April 14, 2023.

With the closing of this transaction, DCL is well positioned to re-emerge as a leader in the color pigment space. With Blackstone, one of the world’s largest alternative asset managers, as our new sponsor, and Wells Fargo as our continuing bank lender, DCL has a strong financial platform from which to continue serving its customers and grow.

We will continue to provide updates to our customers through this transition. Please feel free to contact us if you have any questions.

Pigment Violet 55:

The Cleanest Violets in the Market

Quindo® 228-6782, PV.55

Very clean blue shade quinacridone violet, which is highly transparent and very chromatic. It provides an optimized rheology for tinting lines vs. PV.19 and is recommended for all liquid coating applications.

Quindo® 228-6811, PV.55

Very clean red shade quinacridone violet, which is highly transparent and very chromatic. It provides an optimized rheology for tinting lines vs. PV.19 and is recommended for all liquid coating applications.

Download our High-Performance Pigments Brochure Today!

Join us at the Eastern Coatings Show

DCL is attending the Eastern Coatings Show in Atlantic City, NJ from May 16^th – 18^th. Join us at booth 510 to meet with Jadel Baptista, Ivone Beato and Jon Morrison!

Schedule a meeting at ECS!