Coatings World - July 2011

Ace Hardware Corp.
Oakbrook, Illinois/USA
www.acehardware.com
SSCP Co. Ltd.
Ansan City, South Korea
www.sscpcorp.co.kr

PUBLIC COMPANY
YEAR ES TABLISHED: 1926
REVENUE: $110 million
MARKETS SERVED
• Architectural coatings
KEY EXECUTIVES
Ray Griffith, president and
CEO; Dave Zieglar, chairman.

PUBLIC COMPANY YEAR ESTABLISHED: 1973

REVENUE: $108 million
MARKETS SERVED
• Coatings for plastics
• Electronic device coatings
• Coatings for
non-ferrous materials
KEY EXECUTIVES
Jung Hyun Oh, president and CEO;
Sung-Yoon Kim, vice president of
financial strategy; Jeong Gi Joo,
vice president; Man Ho Park, as-
sistant managing director.

For its first 50 years in business, Ace was privately held. In 1976, Ace became a retailer-owned cooperative. Each store is independently owned and operated by local entrepreneurs. Today, Ace is the largest retailer-owned cooperative in the hardware industry in terms of wholesale and retail sales and strength of the brand. Ace’s 4,600 stores in all 50 states and more than 60 countries generate annual retail sales of approximately $12 billion. Headquartered in Oak Brook, Illinois, Ace currently operates 14 distribution centers in the U.S. and one in Shanghai, China. Ace employs approximately 4,500 corporate team members worldwide and has four regional offices, located in Raleigh, North Caroline; Atlanta, Georgia; Denver, Colorodo; and Woodridge, Illinois. The Ace Paint division, which sells architectural coatings through its retail locations, generated revenue of $110 in 2010. During the year Ace Paint launched Royal Finest, a premium low VOC, acrylic latex paint with Scotchgard Protector.

SSCP Co. Ltd. provides material and substance solutions for information technology (IT) products primarily in Korea. The company provides coatings for various plastic products, including mobile phones; automotive parts, such as bumper and side moldings, instrumental panels, and wheel covers; and IT electrical appliances. SSCP Co. also provides coatings for non-ferrous materials, including inorganic materials, metals and plated wares; and optical materials. In addition, it offers screenpainting inks for commercial graphic designs and printing applications. The company also operates in China and Thailand. SSCP was founded in 1973. It was formerly known as Samsung Chemical Paints Co., Ltd. and changed its name to SSCP Co., Ltd. in 2003. SSCP Co. is based in Ansan City, South Korea.