BIRMINGHAM, MI -- The Magni Group, a manufacturer of coatings for fastener, brake and fuels systems, has acquired Lackfabrik Dr. Schmid, a manufacturer of specialty and industrial coatings based in Schorndorf, Germany. The acquired company will operate as a subsidiary of Magni Europe, Magni Group said.
Lackfabrik Dr. Schmid manufactures a number of unique specialty and industrial coatings sold in Europe, India, Brazil, New Zealand, and Turkey, Magni Group said. Doug Paul, vice president of Marketing for Magni Group, said the acquisition will enhance the company’s supply capabilities in Europe by adding manufacturing operations in Germany.