Showa Denko acquires non-stick coatings maker GMM Group

GMM operates two manufacturing units in China and India, and can deliver its highly sophisticated engineering coatings directly to the local cookware manufacturing companies which are entrusted by major cookware makers to manufacture cookware to be sold in the US market. Cookware coated with GMM’s coatings is distributed via top US retailers. It has been estimated that approximately 40 million American families use cookware with GMM’s products on a daily basis.

In line with its ongoing medium-term business plan ‘Project 2020+’, which started at the beginning of 2016, Showa Denko aims to reform its own business structure to have more stable revenue streams, through creation of individualised businesses and increase in the ratio of its overseas sales.

SDK’s acquisition of GMM is a part of its strategic actions aiming to establish new individualised businesses through extension of the Showa Denko Group’s value chain into downstream markets and the sphere of its technologies, which form the foundation of the Group’s business activities.