AkzoNobel is to bolster its general performance coatings portfolio soon after achieving an settlement to receive the wheel liquid coatings organization of Lankwitzer Lackfabrik GmbH

AkzoNobel is to bolster its performance coatings portfolio immediately after achieving an agreement to acquire the wheel liquid coatings enterprise of Lankwitzer Lackfabrik GmbH. Completion, which is issue to regulatory approvals, is envisioned right before the conclude of 2022.

Lankwitzer’s Rims and Wheel business enterprise operates out of a producing website in Leipzig, Germany. Its products are accredited for use by motor vehicle suppliers these types of as Daimler, Audi, VW, Opel, Fiat and Renault.

“Acquiring this beautiful enterprise will enhance our present powder coatings portfolio and extend the assortment of innovative items we offer,” explains Michael Friede, AkzoNobel’s Main Professional Officer – Performance Coatings. “We’ll be capable to supply a complete liquid and powder aluminum wheel coating offering to clients, turning out to be a one-prevent-store for the wheels marketplace, which will substantially enhance our place in an essential automotive market place.”

He adds that the supposed offer is also a different crystal clear signal that the company is continuing to make great development with its strategic ambitions: “It’s a excellent match which aligns completely with our Improve & Produce method and will give us access to new sectors of a industry with fascinating possibilities.

Commenting on the proposed acquisition, Dr. Leo Rokeach, Lankwitzer Managing Director, suggests: “We’re immensely proud of the enterprise we have created listed here at Lankwitzer Leipzig. It’s now time to enable our individuals and shoppers reward from a international natural environment, which AkzoNobel without doubt provides. Being part of AkzoNobel’s globally routines will provide desirable development potential customers for the Leipzig website and its workers.”

As properly as the Leipzig facility, Lankwitzer’s wheel coatings enterprise – which has a increasing existence in China – operates laboratories in Germany (Leipzig) and Türkiye.

The meant transaction follows on from a series of recent acquisitions by AkzoNobel around the last two a long time, including Grupo Orbis in Latin The usa, Titan Paints in Spain and Portugal, New Nautical Coatings in the US and, most lately, the meant acquisition of the African paints and coatings functions of Kansai Paint

Supply: AkzoNobel