AkzoNobel announces additional acquisition
12th July 2022Tweet
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.”Tweet