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

Sherwin-Williams


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
 
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
 
Carboline launches new website!
 
The completely revamped website, offers quick and easy access to essential product information and is now mobile-friendly.
 

 
SABRE Autonomous Solutions
 
Safety
 
Removing blasting operators from harmful environments is our key objective.
 

 
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.
 

 
HoldTight Solutions Inc.
 
Full Surface Protection for Up to One Year
 
HT 365 is a preservation, single component, anti-corrosive coating, a water displacing agent, a lubricant, and a penetrating fluid. It creates an imperceptible thin-film coating that offers excellent salt contaminant and humidity protection. Contact your HoldTight® representative or visit Holdtight.com for more information.
 

 
ARC / A.W. Chesterton Company
 
Mils Ahead of the Competition
 
Excellent chemical resistance where erosive particulates and thermal cycling conditions may be present.
 

 
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
 

 
Blastox/The TDJ Group, Inc.
 
Blastox® - One Step Lead Abatement
 
Sandblast additive delivered to jobsite pre-blended to eliminate hazardous abrasive wastes. Why mix, meter or apply at the job-site? Blast with ease and
Let your painters paint!
1(800)-252-7869
 

 
Bullard
 
Bullard Made in the USA
 
 

 
 
 

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 (Updated 5/24/2018)   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us