Schattdecor acquires US Coating Company14 January 2019
Wood based panels surfacing giant The Schattdecor Group has finalised the purchase of US Coating Company, of South Carolina.
Schattdecor said the purchase would create a synergy between the two companies, providing the furniture, kitchen cabinet, and a variety of other industries with more options and products from one source.
US Coating will continue as normal and will operate independently of Schattdecor, with current US Coating CEO Mike Moore continuing to manage operations.
Schattdecor Inc CEO Flavio Nunes said the move was a great opportunity for both companies and promised an exchange of new technologies and competencies for both organisations.
“With this acquisition the Schattdecor Group will increase production in the US and create an expansion of the Schattdecor portfolio,” he said.
US Coating Company provides decorative surfaces in manufacturing eco-friendly solid colour Electron Beam (EB) cured coatings on various paper substrates.
This includes a wide variety of finish foils in many solid colours and different finishes. As the company joins the Schattdecor Group, they will, in the near future, start to produce a wider range of products that Schattdecor has already pioneered in many other markets.
For more than 30 years Schattdecor has been supplying printed decor paper, finish foil and melamine film globally to the wood based panel and furniture industries. In 2018 it processed around 3 billion square meters of paper in the areas of printing, impregnation and lacquering.
Through this acquisition Schattdecor will increase its production and sales of finish foils in North America. To date Schattdecor’s USA finish foil supply came from the group’s production facilities in Poland and Italy.
“In order to ensure that the company would have continued success in North America, it only made sense to look for an investment possibility that would include local production,” it said.