AkzoNobel completes acquisition of Korean SSCP's coatings activities

(Thomson Reuters ONE) -


December 2, 2011

AkzoNobel has today completed its acquisition of the coatings business of Korean
SSCP. SSCP has a strong position in the Korean mobile phone market and also
supplies coatings to the wider consumer electronics industry.

The transaction was first announced on June 30 this year as part of a larger
agreement with SSCP. It included the acquisition of the German-based Schramm, of
which SSCP was a 70 percent shareholder. Schramm manufactures coatings for
plastics, metals and electrical insulation, as well as coil coatings for
aluminum. The joint agreement enables AkzoNobel to strengthen its global
leadership position in specialty plastic coatings.

The acquisitions underline the company's determination to accelerate growth and
to build leadership positions across all global markets in line with AkzoNobel's
Value and Values strategy.

- - -

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).

Note to editors - not for publication

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Tel. +31 20 502 78 33                                         Tel.
+31 20 502 78 54
Contact: Oskar Bosson                                      Contacts: Jonathan

Atack and Ivar Smits






Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1568362/487417.pdf




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Source: Akzo Nobel NV via Thomson Reuters ONE

[HUG#1568362]

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Datum: 02.12.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 93422
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