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Home  > Markets & companies  > Coatings market  > Akzo Nobel acquires V.Powdertech business

Wednesday, 18 September 2019
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Markets & companies, Coatings market

Akzo Nobel acquires V.Powdertech business

Tuesday, 28 November 2017

Akzo Nobel has acquired the business of V.Powdertech Co., Ltd., a Thai manufacturer of powder coatings, supplying a range of products for domestic appliances, furniture and general industrial applications.

Akzo Nobel acquires V.Powdertech business. Source: Akzo Nobel

Akzo Nobel acquires V.Powdertech business. Source: Akzo Nobel

The transaction is expected to be completed within the coming weeks.

Manufacturing plant in Samutsakhon

The acquisition will bring new technologies to complement Akzo Nobel's global business in market segments such as architectural and automotive coatings. The transaction includes all relevant technologies, patents and trademarks, as well as a manufacturing plant in Samutsakhon, Thailand. In addition, the 250 employees from V.Powdertech will be joining Akzo Nobel.

Targeting new growth segments

"This business will further strengthen our leading market positions in powder coatings in South East Asia. With V. Powdertech's brand, we will be able to  target new growth segments", said Ruud Joosten, Akzo Nobel's COO of Paints and Coatings.

Strong position in South East Asia

Completing this acquisition will secure the position of Akzo Nobel as one of the largest powder coatings players in South East Asia. The addition of V. Powdertech's manufacturing plant further strengthens Akzo Nobel's manufacturing foot print in fast growing markets in South East Asia.

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