PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


AkzoNobel Acquires Thai Powder Coatings Firm

Wednesday, November 29, 2017

More items for Coating Materials
More items from Asia Pacific; Europe

Comment | More

Coatings giant AkzoNobel (Amsterdam) announced Monday (Nov. 27) that it has agreed to acquire V.Powdertech Co. Ltd., a manufacturer of powder coatings for industrial and consumer products in Thailand.

The transaction, expected to close in the coming weeks, will include the company’s factory in Samutsakhon, Thailand, as well as all technologies, patents and trademarks, according to AkzoNobel. V.Powdertech’s approximately 250 employees will join AkzoNobel.

V.Powdertech facility
Courtesy of AkzoNobel

AkzoNobel will acquire Thai powder coatings manufacturer V.Powdertech in a deal expected to close in the coming weeks.

“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.”

Financial terms of the deal were not disclosed.

Building a Presence

In January, AkzoNobel opened a new $11.7 million powder coatings facility in Chengdu, China, increasing its footprint in Asia. Last month, the company’s Specialty Chemicals business announced an expansion to its Ningo, China, organic peroxides facility.

According to AkzoNobel’s current plan, the Specialty Chemicals business will be spun off as a separate entity, leaving the company to focus on paints and coatings. That plan was hatched in the midst of merger attempts by American rival PPG (Pittsburgh) this spring. AkzoNobel denied PPG’s attempts at negotiation.

Last month, it was revealed that AkzoNobel was in talks regarding a merger with Philadelphia-based Axalta Coating Systems, but those talks were officially called off last week.

   

Tagged categories: Acquisitions; AkzoNobel; Coatings manufacturers

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Sherwin-Williams
 
Sherwin-Williams Protective & Marine Coatings
 
With 4,000 distribution points and 3,700+ years of combined experience, Sherwin-Williams delivers the products, support and expertise you need, right where you need it.
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
Carboline Company
 
History. Service. Innovation.
 
We are a global leader in coatings, linings, and fireproofing. We have the right people, right products, and right locations.
 

 
SAFE Systems, Inc.
 
Custom blast rooms
by SAFE Systems
 
Don't waste time and money "making do" with a "standard" design. Let us work with you to design and build the system that best fits your requirements.
Call 1-800-634-7278
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
NLB Corporation
 
NLB Sure Shroud: Greater Protection and Flexibility
 
NLB’s Sure Shroud’s lighter weight and flexibility reduces operator fatigue and offers unmatched protection against high pressure hose ruptures. 10k to 40k psi rated.
 

 
Vector Technologies Ltd.
 
The Original Performance Proven Vacuum Solutions
 
VecLoader® 616 Double Dump, Continuous Vacuum, 170 HP w/ 2,400 CFM & 28” Hg. 33% More Efficient than traditional vacuum systems! Choose Vector for the most powerful and the most reliable trailer mounted vacuums in the industry! Email us at: inquiry@vector-vacuums.com or call us at: 800-832-4010
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us