Friday, January 11, 2019
The Schattdecor Group is pleased to announce that it has finalized the purchase of US Coating Company of Lexington, SC, a 24 year provider of decorative surfaces. This purchase will 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.
The Schattdecor Group purchased 100% of the shares of US Coating and has completed ownership of the company. However the corporate structure of US Coating will remain the same and will operate independently of Schattdecor Inc., Maryland Heights, MO. The current CEO, Mike Moore, will continue with the company to manage operations. Schattdecor Inc. CEO, Flavio Nunes, expresses that this is a great opportunity for both companies. There will be an exchange of new technologies and competencies for both organizations. With this acquisition the Schattdecor Group will increase production in the US and create an expansion of the Schattdecor portfolio.
US Coating Company, founded in 1994, is located in central South Carolina and provides decorative surfaces in manufacturing eco-friendly solid color Electron Beam (EB) cured coatings on various paper substrates. This includes a wide variety of finish foils in many solid colors 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 the family owned company, headquartered in Thansau, Germany, 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. Therefore this purchase is creating market unity between US Coating and the Schattdecor Group.
Today with this acquisition Schattdecor will have additional North American market presence with a seasoned partner in the group. This will allow for continued excellent service to the market and serve customers with finish foil products domestically produced.
Tags: acquisition, Lexington, Schattdecor, US Coating company
Comments: