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AkzoNobel to acquire Lankwitzer Lackfabrik's liquid coatings business for aluminium wheels

 Last Update: 2022-08-17
 Source: Internet
 Author: User

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AkzoNobel will strengthen its high-performance coatings portfolio after reaching an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik Gm.

Lankwitzer's rim and wheel business operates from a production site in Leipzig, Germa.

"Acquiring this attractive business will complement our existing powder coatings portfolio and expand the range of innovative products we offer," explains Michael Friede, AkzoNobel's Chief Commercial Officer - Performance Coatin.

The deal of interest is also another clear sign that the company continues to make good progress on its strategic ambitions, he add.

Commenting on the takeover proposal, .

In addition to the factory in Leipzig, Lankwitzer's wheel coatings business - with a growing presence in China - has laboratories in Germany (Leipzig) and Turk.

The deal follows AkzoNobel's series of acquisitions over the past two years, including Grupo Orbis in Latin America, Titan Paints in Spain and Portugal, New Nautical Coatings in the US and, most recently, African Paints, which intends to acquire Kansai Paints and paint busine.

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