Tim Wright12.02.09
Already the world's largest manufacturer of powder coatings, AkzoNobel has enhanced its portfolio after signing an agreement with Dow Chemical to acquire its powder coatings activities.
The deal will bring key technological know-how and synergy to AkzoNobel Powder Coatings, as well as enhance the company's position in the U.S.
The powder coatings activities were purchased by Dow earlier this year as part of its acquisition of Rohm & Haas.
Rohm & Haas' powder coatings business had revenue of $330 million in 2008 and ranked No. 37 in Coatings World's Top Companies Report (see July '09 issue).
With more than 80 yeas of powder coating experience Rohm & Haas was one of the original innovators in the field. Its markets included automotive, industrial, consumer and general metal products.
At the time of the announcement, Leif Darner, the AkzoNobel board member responsible for the company's performance coatings segment, said in a statement, "This is a strategic acquisition, which will enable us to further penetrate key industrial coatings segments. By adding new powder technolog
The deal will bring key technological know-how and synergy to AkzoNobel Powder Coatings, as well as enhance the company's position in the U.S.
The powder coatings activities were purchased by Dow earlier this year as part of its acquisition of Rohm & Haas.
Rohm & Haas' powder coatings business had revenue of $330 million in 2008 and ranked No. 37 in Coatings World's Top Companies Report (see July '09 issue).
With more than 80 yeas of powder coating experience Rohm & Haas was one of the original innovators in the field. Its markets included automotive, industrial, consumer and general metal products.
At the time of the announcement, Leif Darner, the AkzoNobel board member responsible for the company's performance coatings segment, said in a statement, "This is a strategic acquisition, which will enable us to further penetrate key industrial coatings segments. By adding new powder technolog
Continue reading this story and get 24/7 access to Coatings World for FREE
FREE SUBSCRIPTION
