Dutch AkzoNobel acquires South Korean coatings firm SSCP

02 December 2011 07:27  [Source: ICIS news]

SINGAPORE (ICIS)--AkzoNobel has completed the acquisition of the coatings business of South Korean coatings maker SSCP, the Dutch specialty chemicals maker said on Friday.

Financial details of the deal were not disclosed.

SSCP has a “strong position” in the South Korean mobile phone market and also supplies coatings to the wider consumer electronics industry, AkzoNobel said in a statement.

The transaction was announced on 30 June this year as part of a larger agreement with SSCP, the company said.

It included the acquisition of German-based coatings maker Schramm Holding, of which SSCP was a 70% shareholder, the firm said.

For more on AkzoNobel and other producers, visit ICIS company intelligence

By: Nurluqman Suratman

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