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AkzoNobel Acquires New Nautical Coatings

Friday, January 22, 2021

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Announced in late December, global coatings company AkzoNobel is set to increase its presence in the North American yacht coatings market with its acquisition of New Nautical Coatings.

Established in 1978, the company is the owner of the premium Sea Hawk brand and supplies premium antifouling coatings, as well as several other products, such as primers and varnishes.

“Acquiring New Nautical Coatings means we’re now well positioned to expand our operations in North America and further improve the service levels for our customers,” said Jean Michel Gauthier, Director of AkzoNobel’s Marine, Protective and Yacht Coatings business. “It’s an established business, with a strong product portfolio, and we’re excited to welcome the widely-admired Sea Hawk brand into the AkzoNobel family.”

Although the privately-owned company operates out of a facility in Clearwater Beach, Florida, New Nautical Coatings is reported to be one of the top players in yacht coatings in North America, generating sales in the Caribbean and Australasia areas as well.

The company reports that the Sea Hawk brand has a high customer loyalty among yacht owners, shipyards and maintenance service providers due to its premium quality and product performance.

“North America is a key region for our Yacht Coatings business—it’s the largest Yacht Coatings market in the world—so this is an excellent deal which perfectly complements our activities and offers excellent opportunities for growth,” said AkzoNobel CEO, Thierry Vanlancker.

Financial details of the acquisition were not disclosed.

   

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

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