AkzoNobel completes acquisition of Schramm Holding AG
(Thomson Reuters ONE) -
October 7, 2011
AkzoNobel has today completed its acquisition of more than 95 percent of the
shares of coatings manufacturer Schramm Holding AG. The deal was first announced
in June of this year.
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 aluminum. They achieved global revenues in 2010 of
?115 million and employ around 800 people.
In addition to the Schramm deal, the company expects to finalize the acquisition
of Korean SSCP's coatings business as of November 1, 2011. SSCP was also the
majority shareholder of Schramm until today's deal.
These acquisitions underline AkzoNobel's determination to accelerate growth and
to build leadership positions across all global markets in line with the
company's Value and Values strategy.
"This is an important step for 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.
Peter Brenner, the current CEO of Schramm Holding AG - who will become Director
of the new, combined specialty plastic coatings business - added: "We are
delighted to be able to begin the integration of Schramm into AkzoNobel. We are
looking forward to working with our new colleagues and exploring the exciting
opportunities this integration offers while ultimately delivering world-class
products and service to our customers."
- - -
AkzoNobel is the largest global paints and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are a
Global Fortune 500 company and are consistently ranked as one of the leaders in
the area of sustainability. With operations in more than 80 countries, our
55,000 people around the world are committed to excellence and delivering
Tomorrow's Answers Today(TM).
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Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1552992/478588.pdf
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Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1552992]
Unternehmensinformation / Kurzprofil:
Datum: 07.10.2011 - 14:30 Uhr
Sprache: Deutsch
News-ID 73897
Anzahl Zeichen: 3476
contact information:
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Kategorie:
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