GERMANY - The Schattdecor Group announced that it has finalized the purchase of Vasatech Sdn Bhd, a Malaysian impregnation company with two production lines.

Schattdecor has purchased 100% of the shares of Vasatech Sdn Bhd from Vasa Group and has completed ownership of the company. With this acquisition, the Schattdecor Group expands its presence in the region with direct industrial production activities.

Founded in 1996, Vasatech specializes in the production of melamine treated decorative films for the wood panel lamination industry. In the Asia-Pacific region, the company is known for its high-quality impregnated films.

Encouraged by its organic growth within the region and the desire to increase service and customer proximity to the next level, Schattdecor has made sure with this acquisition that these positive developments will be sustained by offering customers different solutions and products.

Instead of only being able to supply printed decor paper and uni-colored paper, the Schattdecor Group will now be able to provide impregnated solutions for its customer base in Southeast Asia and the rest of the region. The aforementioned expansive range of solutions will include overlays, backing papers and melamine treated decorative surfaces, ideal for the dynamic business landscape in the furniture and wood based materials industry.

This strategic acquisition is in alignment with Schattdecor’s growing portfolio of providing various surface solutions, taking one step forward in affirming its slogan, “One Source, Unlimited Solutions.”