Double Acquisition Strengthens AkzoNobel’s Performance Coatings Portfolio

The two deals involve the purchase of durable paint and bright films manufacturer Soliant LLC and the global resilient floor coatings business of Lord Corp., both of which are based in the United States.

“These acquisitions offer clear strategic benefits and support our sustainable growth plans in a number of key global markets,” explained AkzoNobel Board member Leif Darner. “We will also be gaining access to proven technology which we plan to further develop and even spin-off into other areas of our Coatings portfolio.”

Soliant is a supplier of specialized films used in the automotive, marine, architectural and signage industries, many of which are sold under the Fluorex® brand. It offers a strong fit with AkzoNobel Car Refinishes and the combination of film and liquid paint will enable the business to offer more choice – and sustainable technologies – to its customers. The deal is subject to regulatory approval.

Lord Corp. is a technology company active in a number of industries including coatings. The transaction includes all intangible assets of the company’s resilient floor coatings business that generate revenue in the U.S., Europe and China. This business supplies coating systems that can protect or preserve the qualities of polymeric and wood flooring.

More News:

  • AIChE Announces New President And Board

    Cheryl Teich, reaction engineering expertise area leader at The Dow Chemical Company, will become president of the American Institute of Chemical Engineers (AIChE) in 2015.

  • ASM Consortium Marks 20th Anniversary

    November marks the 20th anniversary of the start of the Abnormal Situation Management (ASM) Consortium.

  • DuPont Challenge Encourages Entries For 2015 Competition

    The DuPont Challenge encourages students to develop a better understanding and passion for STEM by researching and writing an informative essay offering solutions to today’s challenges regarding food, energy, protection and innovation, or a story on a science discovery.

  • SOCMA Hosts 93rd Annual Dinner And Awards Showcase

    The Society of Chemical Manufacturers and Affiliates (SOCMA) is returning to the New York Marriott Marquis Times Square on December 8, 2014, for its 93rd Annual Dinner honoring Performance Improvement Award winners and featuring a Leadership and Business Development Speaker Showcase.

  • Summit Features Bio-Based Tech Startups

    The 6th Next Generation Bio-Based & Sustainable Chemicals Summit, February 3 – February 5, 2015, in New Orleans, LA brings together bio-based tech startups, specialty chemical manufacturers, chemical majors, feedstock providers, financiers and strategic venture capitalists to explore bio-based chemicals.

  • Flint Hills Resources Will Cease Marysville Operations

    Flint Hills Resources plans to close its Marysville, Michigan polypropylene facility.

  • EFCE Seeks Award Nominees

    Award honors outstanding thesis in thermodynamics or transport properties

  • British Safety Regulator Gets New Head

    Executive has worked in both the public and private sectors

  • AkzoNobel Partnership Investigates Waste As Feedstock

    AkzoNobel is part of a major Dutch partnership working with Canada's Enerkem to explore the use of waste streams as a feedstock for chemical production and the development of waste-to-chemicals facilities.

  • Scientist And CorningWare Inventor Stookey Dies

    S. Donald Stookey, credited with inventing CorningWare, died on Tuesday, November 4 at the age of 99.

All news »

What are your comments?

Join the discussion today. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments