The German group's director Markus Kamieth said the company had been looking for "an owner who considers pigments a core strategic business. DIC pursues ambitious growth plans... to further develop the business in the coming years."
DIC is listed on the Tokyo Stock Exchange with about 20,000 employees globally in more than 60 countries and last year generated sales of approximately 800 billion yen ($7.5 billion).
The Tokyo-based firm has set a target to increase sales "to 1 trillion yen, approximately 8 billion euros, by 2025", said DIC president and CEO Kaoru Ino.