ILC ARTICLE

AkzoNobel announces additional acquisition


AkzoNobel has announced an agreement to acquire the wheel liquid coatings business of German-based Lankwitzer Lackfabrik.

Subject to regulatory approval, the deal is expected to be completed before the end of the year.

Lankwitzer Lackfabrik has an established reputation in the industry, with product-approvals from vehicle manufacturers such as Audi, Daimler, Fiat, Opel, Renault and VW.

Michael Friede, AkzoNobel’s Chief Commercial Officer – Performance Coatings, said, “Acquiring this attractive business will complement our existing powder coatings portfolio and expand the range of innovative products we supply. We’ll be able to provide a comprehensive liquid and powder aluminum wheel coating offering to customers, becoming a one-stop-shop for the wheels industry, which will significantly reinforce our position in an important automotive market.”

EVENTS

Upcoming Event


Motor Claims News

Connecting claims through technology

ILC News | Motor

01-12-2023

ILC Breakfast News – Wednesday, 29 November 2023

ARC360 | Claims Essesntials | Claims Tech | Home | ILC News | MGA | Motor | New Generation

29-11-2023

Insurer Partners

AGEAS
INSURE THE BOX

Industry Body Partners

Insights Partners

Motor Corporate Partners

ACTIVATE GROUP
BHR Assist Insurance Services
INNOVATION-GROUP
KENNEDYS
SYNETIQ