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Home  > Markets & companies  > AkzoNobel completes acquisition of Korean...

Thursday, 19 September 2019
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Markets & companies

AkzoNobel completes acquisition of Korean SSCP’s coatings activities

Friday, 2 December 2011

SSCP is a Korean specialty plastics coatings company and has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry. Around 200 employees and two factories will join AkzoNobel’s Industrial Coatings Business Unit.

The deal was first announced on June 30 of this year and included the German based Schramm. Source: AkzoNobel

The deal was first announced on June 30 of this year and included the German based Schramm. Source: AkzoNobel

AkzoNobel has completed the acquisition of the coatings business of Korean SSCP on 2 December 2011. SSCP is a Korean specialty plastics coatings company and has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry. Around 200 employees and two factories will join AkzoNobel’s Industrial Coatings Business Unit. The deal was first announced on June 30 of this year and included the German based Schramm – a manufacturer of coatings for plastics, metals and electrical insulation, as well as coil coatings for aluminum. Early October the acquisition of Schramm was completed. SSCP was the majority shareholder of Schramm. The combined deal enables AkzoNobel to become the global leader in specialty plastic coatings. "This acquisition shows our continued commitment to the Asian market and to the fast growing Korean electronics and automotive industry,” said Conrad Keijzer, Managing Director of AkzoNobel Industrial Coatings. Peter Brenner the former CEO of Schramm Holding AG, who was appointed Director of the new, combined specialty plastic coatings business, added: "SSCP brings excellent technology, a customer focused team and an important R&D and Manufacturing footprint in Korea”.

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