Welcome Guest to Coatings World    Login || Register
Last Updated Thursday, August 28 2014
Print

Double acquisition



Published October 10, 2008
Related Searches: Industrial Coatings Automotive Refinish
Double acquisition
for akzonobel
AkzoNobel is to invest almost €50 million in its performance coatings activities after agreeing to two acquisitions which will boost the company’s car refinishes and industrial finishes businesses. The two deals involve the purchase of durable paint and bright films manufacturer Soliant LLC and the global resilient floor coatings business of Lord Corporation, both of which are based in the U.S.
“These acquisitions offer clear strategic benefits and support our sustainable growth plans in a number of key global markets,” said AkzoNobel board member Leif Darner. “We will also be gaining access to proven technology which we plan to further develop and even spin-off into other areas of our coatings portfolio.”
Soliant is a supplier of specialized films used in the automotive, marine, architectural and signage industries, many of which are sold under the Fluorex brand. It offers a strong fit with AkzoNobel Car Refinishes and the combination of film and liquid paint will enable the business to offer more choice—and sustainable technologies—to its customers. The deal is expected by the end of September.
Lord Corporation is a major technology company active in a number of industries including coatings. The transaction includes all intangible assets of the company’s resilient floor coatings business that generate revenue in the U.S., Europe and China. This business supplies coating systems that can protect or preserve the qualities of polymeric and wood flooring. Subject to regulatory approval, completion is expected by the end of September.


blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Buhler Group (Nanotechnology)
13105 12th Ave. North
Plymouth, MN, 55441-4509
USA
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Follow Coatings World On