Akzo Nobel acquires Mapaero, a manufacturer of aerospace coatings. Source: Michael Rosskothen – stock.adobe.com.
24. Jul 2019 | Raw materials
Akzo Nobel to acquire Mapaero
Akzo Nobel has announced its intention to acquire French aerospace coatings manufacturer Mapaero.
The intended acquisition will strengthen Akzo Nobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments, and contribute directly towards delivering the company’s 2020 guidance.
"The product ranges from both companies have an excellent fit and by combining our expertise we’ll be able to strengthen our global position in the steadily growing aerospace coatings market,” said Akzo Nobel CEO, Thierry Vanlancker.
Akzo Nobel’s offer is subject to customary information and consultation procedures with Mapaero’s employee representative bodies and regulatory approvals. The transactionis expected to be completedin the second half of 2019.
About Mapaero and Akzo Nobel
Established in 1992 and specialising in sustainable water-based and eco-friendly products, Mapaero operates a production facility in France and has around 140 employees.
Akzo Nobel is a global supplier in aerospace coatings, supplying products and technologies for aircraft worldwide.
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