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AkzoNobel Completes Acquisition of Mapaero

Tuesday, November 19, 2019

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Global coatings company AkzoNobel (Amsterdam) announced early last week in a media press release that it has wrapped up the acquisition of French aerospace coatings manufacturer Mapaero.

The intention to acquire Mapaero was first announced by AkzoNobel back in July.

AkzoNobel

Global coatings company AkzoNobel (Amsterdam) announced early last week in a media press release that it wrapped up the acquisition of French aerospace coatings manufacturer Mapaero.

“The transaction will enable us to provide our customers with a much wider portfolio of innovative and sustainable products,” said AkzoNobel CEO Thierry Vanlancker at the time.

“It also demonstrates our commitment to continue investing in strategic growth opportunities as we progress further with our Winning together: 15 by 20 strategy and will be accretive towards our 15% return on sales target.”

Established in 1992, Mapaero specializes in advanced eco-friendly and water-based products and employs roughly 140 people.

According to AkzoNobel, the deal will strengthen the company’s global position in aerospace coatings, most notably in the structural and cabin coating sub-segments. The acquisition also allows the company to provide its customers with a wider portfolio of innovative and sustainable solutions, in addition to directly contributing to its Winning Together: 15 by 20 strategy.

Financial terms of the deal have not been disclosed.

   

Tagged categories: Acquisitions; Aerospace; AkzoNobel; Asia Pacific; Business management; Business matters; Business operations; Coatings; Coatings manufacturers; EMEA (Europe, Middle East and Africa); Latin America; Mapaero; North America; Program/Project Management; Z-Continents

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