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AkzoNobel Completes Acquisition of Coatings Business of Korean Firm

12:34 AM MST | December 2, 2011 | Deepti Ramesh

AkzoNobel says it has completed the previously announced acquisition of the coatings business of SSCP (Seongnam, Korea). SSCP has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry. The acquisition includes SSCP’s carved-out coatings business based in Korea, and Schramm Coatings (Offenbach, Germany), in which SSCP had a 70% stake. Schramm manufactures coatings for plastics, metals and electrical insulation, as well as coil coatings for...

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