AkzoNobel acquires Germany coatings manufacturer Schramm

07 October 2011 14:30  [Source: ICIS news]

LONDON (ICIS)--AkzoNobel has completed the acquisition of Germany-based coatings manufacturer Schramm Holding, the Dutch specialty chemicals maker said on Friday.

Financial details regarding the deal were not disclosed.

AkzoNobel also expects to finalise the acquisition of the coatings activities operated by Schramm's previous largest shareholder – South Korean company SSCP – as of 1 November 2011.

"This is an important step for [AkzoNobel] Industrial Coatings, making us the global leader in specialty plastic coatings for mobile devices, laptops, TVs and automotive interiors," said Conrad Keijzer, managing director of AkzoNobel Industrial Coatings.

Based in Germany and listed on the Hong Kong stock exchange, Schramm manufactures and markets coatings for plastics, metals and electrical insulation, as well as coil coatings for aluminium, the company said.

The acquisition was first announced in June this year.

Schramm achieved global revenues in 2010 of €115m ($155m) and employs about 800 people..

($1 = €0.74)

For more on AkzoNobel visit ICIS company intelligence


By: Franco Capaldo
+44 (0)20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index