AkzoNobel recently announced it has completed its acquisition of the coatings business of Korean SSCP, which reportedly has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry. The transaction, first announced on June 30, is part of a larger agreement with SSCP. It included the acquisition of the German-based Schramm, of which SSCP was a 70% shareholder.
Schramm manufactures coatings for plastics, metals and electrical insulation, as well as coil coatings for aluminum. The joint agreement reportedly enables AkzoNobel to strengthen its global leadership position in specialty plastic coatings.
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