Thansau, Germany-based Schattdecor Group has announced that it has purchased U.S. Coating Co. of Lexington, S.C., a provider of decorative surfaces. This purchase will is intended to provide the furniture, kitchen cabinet, and other industries with more options and products from one source.
According to a press release, the Schattdecor Group purchased 100% of the shares of U.S. Coating and has completed ownership of the company. The corporate structure of U.S. Coating will remain the same and will operate independently of Schattdecor, which is located in suburban St. Louis.
The current CEO, Mike Moore, will continue with the company to manage U.S. Coating operations. Schattdecor CEO Flavio Nunes said 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 U.S. and create an expansion of the Schattdecor portfolio.
U.S. Coating Co., founded in 1994, is located in South Carolina and provides decorative surfaces in manufacturing eco-friendly solid color electron beam 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 start to produce a wider range of products that Schattdecor has already pioneered in many other markets.
Schattdecor has been supplying printed decor paper, finish foil and melamine film globally to the wood based panel and furniture industries for 30 years.