PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


AkzoNobel Buys Out Powder Coatings JV

Thursday, August 9, 2012

More items for Coating Materials

Comment | More

AkzoNobel Powder Coatings has strengthened its position in Africa with the purchase of 100 percent of its longtime joint venture with Freeworld Coatings.

The deal ends a 40-year “mutually beneficial relationship” between AkzoNobel Powder Coatings South Africa (Pty) Ltd and Freeworld Coatings (through its Plascon subsidiary), the companies said in a statement. Freeworld has more than 29 subsidiaries in Africa and Asia.

 AkzoNobel Powder Coatings is the world’s largest producer of powder coatings.
With more than 32 factories, AkzoNobel Powder Coatings is the world’s largest producer of powder coatings.

The transaction follows Freeworld’s hostile takeover by Japan’s Kansai Paints.

‘Important Market’

AkzoNobel said the deal underscored its commitment to developing business in the African continent. The company’s Powder Coatings unit is the world’s biggest powder coatings producer.

“This acquisition highlights our confidence in this important market, and South Africa is strategically well located for us to continue and to expand on the excellent work we are doing in Africa,” said AB Ghosh, AkzoNobel Powder Coatings Managing Director.

The deal “will bring value to AkzoNobel customers by allowing the company to leverage scale across all of its businesses present in the region.”

AkzoNobel manufactures powder coatings at 32 factories worldwide. Powder coatings “offer an attractive alternative to liquid coatings due to the fact that they are inherently sustainable,” the company says. “They contain no solvents and have application efficiency levels as high as 99 percent.”

   

Tagged categories: Acquisitions; AkzoNobel; Market; Mergers; Powder coatings

Comment Join the Conversation:

Sign in to our community to add your comments.

BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


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.


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    Sherwin-Williams
    Nova-Plate® 325

    • Extends Service Life
    • Single Coat Application
    • Cure to Service in 24 Hours


    Polyval Coatings
    Polyflex® Polyurea Linings

    exhibit outstanding versatility in use; providing abrasion resistance, superior seamless waterproofing and high-chem corrosion protection. www.polyflexlinings.com


    Advanced Recycling Systems
    ADVANCED RECYCLING SYSTEMS (ARS)

    Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
    (330)536-8210

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker JPCL Europe

     
    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
     

    © Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com