AkzoNobel Strengthens Powder Coatings Business in Southeast Asia
AMSTERDAM – Paint and coatings manufacturer AkzoNobel has agreed to acquire the business of V.Powdertech Co. Ltd., a leading Thai manufacturer of powder coatings. V.Powdertech supplies a range of products for domestic appliances, furniture and general industrial applications, and currently employs more than 250 people.
The acquisition of V.Powdertech will bring new technologies and services to complement AkzoNobel's global technology portfolio and business in market segments such as architectural and automotive coatings.