AMSTERDAM — AkzoNobel has reached an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. Completion, which is subject to regulatory approvals, is expected before the end of 2022.

Lankwitzer’s Rims and Wheel business operates out of a manufacturing site in Leipzig, Germany. Its products are approved for use by car manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.

“Acquiring this attractive business will complement our existing powder coatings portfolio and expand the range of innovative products we supply,” said Michael Friede, AkzoNobel’s Chief Commercial Officer – Performance Coatings. “We’ll be able to provide a comprehensive liquid and powder aluminum wheel coating offering to customers, becoming a one-stop-shop for the wheels industry, which will significantly reinforce our position in an important automotive market.”

As well as the Leipzig facility, Lankwitzer’s wheel coatings business – which has a growing presence in China – operates laboratories in Germany (Leipzig) and Türkiye.

Learn more about AkzoNobel at www.akzonobel.com.