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AkzoNobel Announces Double Acquisition

Thursday, July 6, 2017

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Global coatings manufacturer AkzoNobel (Amsterdam) has announced the acquisition of one coatings firm and an agreement to acquire a second.

U.K.-based Flexcrete Technologies Ltd. is the most recent addition to AkzoNobel’s portfolio, while French manufacturer Disa Technology (DisaTech) is now under agreement to be acquired by the Dutch paints company. According to AkzoNobel, both deals will strengthen the company’s position of leadership in providing coatings for industrial, aerospace and automotive industries.

Portfolio Building

AkzoNobel says the acquisition of Flexcrete Technologies, known primarily for its products that assist with the repair and protection of concrete substrates, will enable it to expand its offerings in several industrial markets, including chemical processing and commercial infrastructure.

DisaTech provides adhesive films for aerospace, transportation and industrial equipment purposes. The company also specializes in self-adhesive vinyl, as well as polyester and polycarbonate films used on aircraft, vehicles and agricultural machinery. Overall, the addition of DisaTech to AkzoNobel’s current portfolio will complement what the company already has in coatings and films for aerospace and transport sectors, according to AkzoNobel.

Pictured: DisaTech, from AkzoNobel

UK-based Flexcrete Technologies Ltd. is the most recent addition to AkzoNobel’s portfolio, while French manufacturer Disa Technology is now under agreement to be acquired by the Dutch coatings company.

“Both acquisitions support our strategy of investing in growth and innovation and are strongly aligned with our growth strategy,” AkzoNobel CEO Ton Büchner said. “They will expand our existing product and service offering, enabling us to deliver significant benefits to our customers. These deals also offer us great opportunities to pursue further coatings innovations in a number of our core markets.”

The DisaTech agreement is still subject to regulatory approvals. Financial terms of the two deals were not disclosed.

AkzoNobel employs more than 46,000 people across 80 countries, and according to the company, all Flexcrete staff have been retained.

AkzoNobel's Plan for Growth

The announcement for AkzoNobel’s latest merger also comes on the heels of the announcement that PPG Industries (Pittsburgh) has dropped its bid to acquire the Dutch paint company.

In the midst of PPG's attempted acquisition this spring, AkzoNobel rolled out a plan to accelerate growth by splitting its Specialty Chemicals business unit off into a separate entity.

   

Tagged categories: Acquisitions; Aerospace; AkzoNobel; Business matters; Industrial coatings

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