AkzoNobel has announced its intention to acquire coatings manufacturer Schramm Holding AG and the coatings activities operated by Schramm’s largest shareholder, Korean company SSCP.

AMSTERDAM, the Netherlands – AkzoNobel has announced its intention to acquire coatings manufacturer Schramm Holding AG and the coatings activities operated by Schramm’s largest shareholder, Korean company SSCP. Schramm manufactures and markets coatings for plastics, metals and electrical insulation. SSCP has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry.

Additionally, the company is acquiring from Integrated Botanical Technologies (IBT) its patented Zeta Fraction™ technology. The process developed by IBT makes it possible to harvest and separate constituent parts of a living cell from any plant or marine source without requiring any solvents.

AkzoNobel also plans to acquire Boxing Oleochemicals, a leading supplier of nitrile amines and derivatives in China and throughout Asia.