AkzoNobel Formally Acquires Dow Powder Business
AkzoNobel has officially completed its acquisition of the Dow Chemical's powder coatings business. The deal was first announced in November last year. Originally purchased by Dow in 2009 as part of its acquisition of Rohm and Haas, the business brings key technological know-how and synergy potential to AkzoNobel’s powder coatings activities. It will also enhance the company’s position in the US. The acquired business has global sales of several hundred million dollars and employs approximately 700 people, operating factories in the U.S., Europe and China. As well as complementing AkzoNobel’s position in key strategic markets—especially the U.S., automotive and trade coaters—the deal also introduces MDF and thermoplastic capabilities to AkzoNobel’s powder coatings portfolio.