Akzo Nobel makes double acquisition
Akzo Nobel has announced the acquisition of UK-based Flexcrete Technologies and an agreement to acquire French manufacturer Disa Technology (Disatech). The deals will further strengthen Akzo Nobel’s global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings.
Repair of concrete substrates
Flexcrete Technologies manufactures products primarily used for the protection and repair of concrete substrates. The acquisition will allow Akzo Nobel to expand its offering in several key industrial markets, including downstream oil and gas and chemical processing, commercial infrastructure, power, water and waste water, and mining and mineral processing.
Disatech supplies innovative adhesive films used in the aerospace, transportation and industrial equipment sectors. Headquartered in Limoges, the company specializes in the manufacture of self-adhesive vinyl, polyester and polycarbonate films used on aircraft, vehicles, agricultural machinery and other equipment, and is the leader in aerospace technical marking systems. The deal will bring new technologies and services that complement AkzoNobel’s existing portfolio of coatings and films for aerospace and transport sectors.
Pursuing coatings innovations
Commenting on the agreements, Akzo Nobel CEO Ton Büchner said: “Both acquisitions support our strategy of investing in growth and innovation and are strongly aligned with our growth strategy. “They will expand our existing product and service offering, enabling us to deliver significant benefits to our customers. These deals also offer us great opportunities to pursue further coatings innovations in a number of our core markets.”
The signed agreement between Akzo Nobel and Disatech is subject to regulatory approvals.