OK
The Universal Selection Source:
Coatings Ingredients
Industry News

AkzoNobel Aquires Coatings Business of Korean Company SSCP

Published on 2011-12-06. Author : SpecialChem

AkzoNobel completed its acquisition of the coatings business of Korean SSCP. SSCP has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry.

The transaction was first announced on June 30 this year as part of a larger agreement with SSCP. It included the acquisition of the German-based Schramm, of which SSCP was a 70 percent shareholder. Schramm manufactures coatings for plastics, metals and electrical insulation, as well as coil coatings for aluminum. The joint agreement enables AkzoNobel to strengthen its global leadership position in specialty plastic coatings.

The acquisitions underline the company's determination to accelerate growth and to build leadership positions across all global markets in line with AkzoNobel's Value and Values strategy.

About AkzoNobel

AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. They supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for their customers. Their portfolio includes well known brands such as Dulux, Sikkens, International and Eka.

Headquartered in Amsterdam, the Netherlands, they are a Global Fortune 500 company and are consistently ranked as one of the leaders on the Dow Jones Sustainability Indexes . With operations in more than 80 countries, their 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today™

Source: AkzoNobel


FEICA 2018 European Adhesive and Sealant Conference and EXPO
Channel Alerts

Receive weekly digests on hot topics

Back to Top