Sun Chemical announced the sale of certain assets of its Sun Graphic press blankets business to Day International, a leading blanket supplier to the industry. The asset purchase is subject to the satisfaction of the customary closing conditions and is expected to be effective Aug. 31, 2006. The two companies will also enter into a distribution agreement for the sale of Sun Graphic blankets.      “After careful examination of business conditions, we concluded it would be best to divest this sm...