AMSTERDAM, the Netherlands – AkzoNobel will invest almost €50 million in its performance coatings activities with two acquisitions that will boost the company’s Car Refinishes and Industrial Finishes businesses.
The two deals involve the purchase of durable paint and bright films manufacturer Soliant LLC, Lancaster, SC, and the global resilient floor coatings business of Lord Corp., Cary, NC.
Soliant is a leading supplier of specialized films used in the automotive, marine, architectural and signage industries, many of which are sold under the Fluorex® brand. It offers a strong fit with AkzoNobel Car Refinishes, and the combination of film and liquid paint will enable the business to offer more choice and sustainable technologies to its customers.
Lord Corp. is a major technology company active in a number of industries including coatings. The transaction includes all intangible assets of the company’s resilient floor coatings business that generate revenue in the United States, Europe and China.
Acquisitions Strengthen AkzoNobel's Performance Coatings Portfolio
November 1, 2008