AkzoNobel agrees to acquire V.Powdertech business to strengthen leading powder coatings business in South East Asia
27 Novembre 2017 - 8:00AM
November 27, 2017
AkzoNobel has today agreed to acquire the business
of V.Powdertech Co., Ltd., the leading Thai manufacturer of powder
coatings, supplying a range of products for domestic appliances,
furniture and general industrial applications, and currently
employing more than 250 employees.
The acquisition of V.Powdertech will bring new
technologies and services to complement AkzoNobel's global
technology portfolio and business in market segments such as
architectural and automotive coatings.
The transaction includes all relevant
technologies, patents and trademarks, as well as a manufacturing
plant in Samutsakhon, Thailand. In addition, the employees from
V.Powdertech will be joining AkzoNobel, bringing with them product
and market expertise to serve an expanded customer base in the
region.
"We are pleased to welcome our new colleagues to
AkzoNobel" said Ruud Joosten, AkzoNobel's COO of Paints and
Coatings. "This business is an excellent strategic fit and will
further strengthen our leading market positions in powder coatings
in South East Asia. With V. Powdertech's strong brand, we will be
able to offer a broader range of products and services to more
customers and target new growth segments."
Completing this acquisition will secure the
position of AkzoNobel as one of the largest powder coatings players
in South East Asia. The valuable addition of V. Powdertech's
state-of-the-art manufacturing plant further strengthens
AkzoNobel's manufacturing foot print in fast growing markets in
South East Asia, providing a solid foundation to accelerate
profitable growth in the region.
The transaction is expected to be completed within
the coming weeks.
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About AkzoNobel
AkzoNobel creates everyday essentials to make
people's lives more liveable and inspiring. As a leading global
paints and coatings company and a major producer of specialty
chemicals, we supply essential ingredients, essential protection
and essential color to industries and consumers worldwide. Backed
by a pioneering heritage, our innovative products and sustainable
technologies are designed to meet the growing demands of our
fast-changing planet, while making life easier. Headquartered in
Amsterdam, the Netherlands, we have approximately 46,000 people in
around 80 countries, while our portfolio includes well-known brands
such as Dulux, Sikkens, International, Interpon and Eka.
Consistently ranked as a leader in sustainability, we are dedicated
to energizing cities and communities while creating a protected,
colorful world where life is improved by what we do.
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Source: AkzoNobel NV via Globenewswire
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