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AkzoNobel to Buy Specialty Plastic Coatings Maker

5:18 AM MDT | June 30, 2011 | Kerri Walsh

 AkzoNobel has offered to acquire German coatings manufacturer Schramm Holding and the coatings activities operated by Schramm's largest shareholder, Korean company SSCP. The deal will strengthen AkzoNobel’s its global leadership position in the specialty plastic coating market. Schramm manufactures and markets coatings for plastics, metals, and electrical insulation. The company’s sales have grown by 18%/year during the last three years. Schramm reported 2010 Ebitda of €13.3 million, on sales of €115 million. SSCP has a strong position...

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