Oskar Nolte is a manufacturer of industrial wood coating systems for engineered wood substrates.
AkzoNobel bought the foil coatings business as part of the acquisition of BASF Coatings Industrial Coatings business.
Foil coatings are applied on paper and plastic substrates. Distributed to manufacturers of foils and pre-impregnates, they ultimately serve the furniture and doors industry.
Nolte plans to continue operations at the Münster/Germany site and expand its product development capabilities in the medium term.
The company is part of Hamburg-based Peter Möhrle Holding.
"Our focus on large industrial customers will allow us to run the business with a high level of service and flexibility in the future," Oskar Nolte CEO Arne Deußen said.