The forthcoming acquisition of Offenbach, Germany-based Schramm Coatings GmbH by SSCP Co. Ltd., Korea, effective November 16, 2007, is the result of a longstanding and successful collaboration between the two companies in their core automotive industry business in Asia. For this business segment a joint venture was established in Korea in 2005 and in Hong Kong/China in 2007.
The takeover allows SSCP and Schramm Coatings to collaborate further strategically and develop technological synergies, which will allow it to gain a stronger global market presence. The Offenbach location will remain in operation with a plan for increased investments in place. In the future, the companies Schramm Spain, Schramm SSCP Korea, Schramm SSCP Hong Kong/China as well as the joint venture Schramm Cashew in Japan will also belong to Schramm Coatings.
Schramm Coatings GmbH in Offenbach has belonged to the Grebe Group since 1983, serving the Grebe’s business areas related to the automotive industry and their suppliers, the coil coating industry and electro insulation varnishes.
SSCP acquires SCHRAMM Coatings
Published December 20, 2007
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